new Delhi. The country’s largest IT company Tata Consultancy benefited the most last week. Apart from the results in the second quarter, the shares of the company have seen tremendous growth due to share buyback offer. Because of which the company’s shares reached the all-time hike. The special thing is that out of the top ten companies, the market cap of 9 companies has increased. While the only company Bharti Airtel has seen a reduction in the market cap due to the fall in shares. Let us tell you that the Sensex has seen an increase of over 4.50% in the last week.
3 lakh crore increase in market cap of top 10 companies
The stock market had seen tremendous boom last week. The Bombay Stock Exchange’s leading index of the stock market has seen a gain of 4.68 percent or 1812.44 points in the past week. If we talk about the top ten companies of the stock market, then there is a tremendous increase in the market cap of 9 of these companies. Talking about the figures, the market cap of these companies increased by Rs 3,01,145.46 crore last week.
Tremendous increase in market cap of TCS
The largest increase in market cap has been seen in the country’s largest IT company Tata Consultancy. First, the company shares have seen an increase of Rs 292.20 in the company’s stock last week. Whereas on October 8, the company’s share price reached 52 weeks high i.e. Rs 2885. Which is also the company’s alltime high. Talking about the market cap, TCS benefited the most, whose market cap increased by Rs 1,09,644.68 crore to Rs 10,56,277.53 crore.
Increase in the market of companies
HDFC Bank’s market cap increased by Rs 69,952.08 crore to Rs 6,78,991.98 crore, while Infosys added Rs 38,270.81 crore to its market cap. HDFC’s market cap rose by Rs 30,052.75 crore to Rs 3,51,483.41 crore. Apart from this, the market cap of ICICI Bank, HCL Technologies Limited, Hindustan Unilever Limited, Reliance Industries and Kotak Mahindra Bank also saw an increase.
There was a drop in the market cap of this company
On the other hand, among the top ten companies, there has been a company whose market has seen a decline. First of all, the shares of the company have seen a decline of Rs 7.2 last week. Due to which the company has seen a decline of Rs 3,928 crore in the market. After which the market cap of the company has been reduced to Rs 2,31,943.02 crore.