Bajaj Finance added ₹80,346 crore in market cap after reporting a 28% rise in Q1 profit. Nine of India's top 10 firms gained ₹2.51 lakh crore combined last week.
Bajaj Finance added ₹80,346 crore in market capitalisation last week, the biggest gain among India's ten most valuable listed companies, after the non-bank lender reported a 28% year-on-year rise in consolidated profit after tax for the June quarter. Its shares ended Friday more than 8% higher.
Nine of the top ten firms by market value added a combined ₹2.51 lakh crore during the week, which saw the BSE Sensex climb 2,034.87 points, or 2.67%, and the NSE Nifty gain 616.15 points, or 2.59%.
"Markets staged a strong rebound during the week, snapping their recent losing streak as easing crude oil prices, improving geopolitical sentiment, encouraging Q1 FY27 earnings, and renewed foreign institutional investor buying lifted risk appetite," said Ajit Mishra, SVP of research at Religare Broking Ltd.
Bharti Airtel's market cap rose ₹44,959.5 crore to ₹12,30,005.63 crore. Tata Consultancy Services added ₹40,414.03 crore, reaching ₹8,55,894.78 crore. Reliance Industries gained ₹39,447.35 crore to ₹17,69,108.79 crore, keeping its position as the most valued Indian company.
Larsen & Toubro's market cap climbed ₹21,096.8 crore to ₹5,41,844.69 crore. State Bank of India rose ₹10,845.97 crore to ₹9,47,799.81 crore. HDFC Bank added ₹8,164.73 crore to ₹11,52,150.63 crore. Life Insurance Corporation of India gained ₹4,427.49 crore to ₹5,37,435.05 crore. ICICI Bank rose ₹1,660.37 crore to ₹10,29,878.30 crore.
Hindustan Unilever was the sole decliner among the top ten, losing ₹10,326.46 crore in market cap to finish at ₹4,93,602.13 crore. Reliance remained the most valuable firm, followed by Bharti Airtel, HDFC Bank, ICICI Bank, State Bank of India, TCS, Bajaj Finance, Larsen & Toubro, LIC, and Hindustan Unilever.
HDFC Bank carries an Alpha Score of 37 out of 100, classified as Mixed, on AlphaScala's proprietary scoring system. ICICI Bank scores 57, rated Moderate. Unilever PLC, the parent of Hindustan Unilever, also scores 57, rated Moderate.
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