Mcap of 7 of top-10 most valued firms jump Rs 1.72 trn; TCS steals show

Quick Summary:

The combined market valuation of seven of the top-10 most valued firms jumped Rs 1,72,225.62 crore last week, with IT bellwether Tata Consultancy Services (TCS) stealing the show, amid a rally in equities.

Shares of TCS on Friday surged nearly 7 per cent after the country's largest IT services player reported an 8.7 per cent growth in the June quarter net profit at Rs 12,040 crore.ITC added Rs 31,858.83 crore taking its valuation to Rs 5,73,258.78 crore.

The 30-share BSE Sensex jumped 622 points, or 0.78 per cent, to settle at a record closing level of 80,519.34 on Friday.

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Category: BusinessFinance

Markets: India

Topics: NIFTY 50 BSE SENSEX TCS Valuation Share market Tata Consultancy Services

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-14 @ 10:20:53 (4 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 409 words

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Copyright Owner: © Business Standard

News ID: 21603711

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