The three big companies TCS, ITC and Infosys together faced a 1,07,026.12 crore in market capitalization last week.
The market value of TCS, ITC and Infosys fell significantly in the week ended Friday. In which IT company TCS suffered major loss. However, the market cap of RIL, HDFC Bank, Hindustan Unilever, HDFC, SBI, Kotak Mahindra Bank and Maruti Suzuki India, among other top 10 companies, has increased.
Market cap of TCS, ITC and Infosys is much higher than the total Gain (97,498.38 crore rupees) of the remaining 7 companies in the top 10. The valuation of TCS declined by Rs 85,330.17 crore to Rs 7,19,857.48 crore.
Earlier in July-September quarter, TCS has earned a profit of 22.6% but despite of that the shares of TCS fell 3%. At the same time, Infosys's market value fell to Rs. 18,696.68 crores to reach Rs. 2,96,635.05 crores. ITC's market capitalization dropped to Rs 3,36,285.40 crore from Rs 2,999.27 crore.
Talking about the company who received improvement in Market value, RIL is at top as it market cap of increased by Rs 48,524.59 crore to Rs 7,13,965.75 crore. Kotak Mahindra Bank and Maruti Suzuki's market capitalization also increased to a significant level as the heir market cap increased by Rs 22,130.78 crore and Rs 11,782.63 crore and reached to Rs 2,23,005.06 crore and Rs 2,20,006.42 crore respectively.