InvestorQ : How did India’s most valuable companies by market capitalization perform in the previous week ending on 30 April?
sara Kunju made post

How did India’s most valuable companies by market capitalization perform in the previous week ending on 30 April?

Answer
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4 months ago


It was a bumper week for most of the large caps in the Indian markets. The 10 most valuable companies in India managed to add Rs.310,000 in value for the week ended on 30 April. The biggest contributor to value accretion was TCS which managed to add Rs.73,000 crore to its overall valuations. HDFC added Rs.58,500 crore in market cap while HDFC Bank added another Rs.35,000 crore. Reliance value accretion was slightly more tepid at Rs.31,500 crore as the markets are still digesting the twin impact of the Facebook deal and the proposed rights issue. However, a lot of the positive action was marked by expiry short covering and a clear picture may only emerge in the coming weeks as to whether the rally is sustainable or not.