The stock market may be fraught with risks, yet there exist shares that can rocket investors from the ground to the stars in a blink. Tata Group's IT giant, Tata Consultancy Services (TCS), has done exactly that in just five days last week. Indeed, TCS's market capitalization has seen an impressive leap, making investors over 19,000 crores richer in this period.
Seven Companies See Market Value Rise
The BSE's Sensex, consisting of 30 shares, witnessed a combined market capitalization surge of 65,302.5 crores across seven firms. Meanwhile, the index itself remained buoyant last week, ascending by 663.35 points or 0.90%. The leading gainers for investors included the likes of TCS, ICICI Bank, and SBI.
TCS and ICICI Bank Create Magic
The BSE-NSE hosted a special trading session on Saturday, March 2. As per PTI, TCS made a remarkable profit last week, skyrocketing its market cap to 14,85,912.36 crores. This leads to TCS investors earning a hefty 19,881.39 crores over the week. ICICI Bank also showered its shareholders with wealth, its market cap rocketing to 7,60,481.54 crores and its investors pocketing 15,672.82 crores.
A Festive Time for Investors of These Companies
Like TCS and ICICI Bank, the country's largest public bank, SBI, also fattened investor wallets, with its market cap rising by 12,182.1 crores to reach 6,89,917.13 crores. HDFC's market cap too jumped by 7,178.03 crores, hitting 10,86,464.53 crores. The list also includes Hindustan Unilever (HUL), whose market value increased by 5,051.63 crores, reaching 5,67,626.01 crores. Bharti Airtel's market cap ascended by 4,525.14 crores standing at 6,38,721.77 crores, while ITC saw its market cap amplify by 811.39 crores to 5,14,451.76 crores.
Losses for LIC-Infosys Investors
Discussing the larger firms where investors faced disappointments last week, LIC's market cap plummeted by 19,892.12 crores to 6,54,763.76 crores. Infosys also saw a market valuation decrease by 9,048.17 crores, settling at 6,86,997.15 crores. Even Mukesh Ambani's Reliance experienced a dip by 3,720.44 crores, with a closing market value of 20,16,750.44 crores.
Mukesh Ambani's Reliance Stays Firm at the Top
Despite last week's fall, Reliance retains its dominance in market capitalization, steadfast at the number one position. Following RIL in the top-10 firms are TCS, HDFC Bank, ICICI Bank, the State Bank of India, Infosys, LIC, Bharti Airtel, Hindustan Unilever, and ITC.
