The combined market capitalisation (m-cap) of seven Sensex companies increased by Rs. 30,862 crore last week, with TCS and ITC emerging as the biggest gainers.
While the market valuation of TCS, Reliance Industries, ITC, ONGC, State Bank of India, ICICI Bank and Wipro rose, that of Coal India, Infosys and HDFC Bank declined.
TCS surged by Rs. 10,529 crore to Rs. 4,34,338 crore, the biggest gainer among the top-10 Sensex companies. India’s largest software services exporter posted a 48.2 percent jump in net profit to Rs. 5,358 crore in the fourth quarter.
The market value of ITC jumped Rs. 7,436 crore to Rs. 2,80,906 crore, while Wipro added Rs. 4,349 crore to Rs. 1,44,423 crore in valuation.
ICICI Bank’s m-cap rose by Rs. 3,066 crore to Rs. 1,45,747 crore, while the value of RIL went up by Rs. 1,932 crore to Rs. 3,09,883 crore and ONGC added Rs. 1,796 crore to Rs. 2,75,700 crore.
State Bank added Rs. 1,754 crore in m-cap to Rs. 1,50,643 crore.
HDFC Bank’s value declined by Rs. 4,630 crore to Rs. 1,72,383 crore, while Infosys lost Rs. 2,639 crore to Rs. 1,83,175 crore.
Infosys last week reported a 25 per cent rise in consolidated net profit for the quarter ended March 31. The country’s second-largest software services exporter said it expects 7-9 per cent US dollar revenue growth in 2014-15, below industry body Nasscom’s projection of 13-15 per cent.
Coal India’s m-cap went down by Rs. 1,358 crore to Rs. 1,83,743 crore.