Top-10 firms: Six add ₹74,111 crore in market cap in a week
Synopsis
Six of India's ten most valuable companies collectively added ₹74,111 crore in market cap in a single week, with TCS and ICICI Bank leading the charge. Yet the headline number masks a split market — Bharti Airtel alone wiped out ₹20,229 crore, underscoring that the rally was selective, not sweeping.
Key Takeaways
Six of India's top-10 most valued firms added a combined ₹74,111.57 crore in market cap during the week ended 24 May .
TCS led gains with a ₹19,338.68 crore rise, taking its valuation to ₹8,38,401.33 crore .
ICICI Bank added ₹14,515.93 crore , reaching a market cap of ₹9,06,901.32 crore .
Bharti Airtel recorded the steepest weekly loss among the top-10, shedding ₹20,229.67 crore .
The BSE benchmark rose a modest 177.36 points (0.23%) over the same period.
HDFC Bank remains the most valued Indian company, followed by Bharti Airtel and ICICI Bank .
The combined market capitalisation of six of India's top-10 most valued companies rose by ₹74,111.57 crore last week, buoyed by a positive equity trend. ICICI Bank, Tata Consultancy Services (TCS), Life Insurance Corporation of India (LIC), Bajaj Finance, and Larsen & Toubro led the gains during the week ended 24 May. The BSE benchmark index advanced 177.36 points, or 0.23%, over the same period.
Top Gainers
TCS posted the largest absolute gain among the winners, with its market cap climbing ₹19,338.68 crore to reach ₹8,38,401.33 crore. ICICI Bank added ₹14,515.93 crore, lifting its valuation to ₹9,06,901.32 crore.
LIC saw its market cap rise by ₹9,076.37 crore to ₹5,14,443.69 crore. Bajaj Finance gained ₹3,797.83 crore, taking its valuation to ₹5,70,515.57 crore, while Larsen & Toubro added ₹2,685.87 crore to stand at ₹5,40,228.21 crore.
Notable Losers
Bharti Airtel suffered the steepest erosion among the top-10, shedding ₹20,229.67 crore in market cap to close the week at ₹11,40,295.49 crore. Hindustan Unilever Limited (HUL) lost ₹16,212.18 crore, bringing its valuation down to ₹5,17,380 crore.
State Bank of India (SBI) saw its market cap decline by ₹12,784.4 crore to ₹8,76,077.92 crore, while HDFC Bank shed ₹2,094.35 crore, closing at ₹11,79,974.90 crore.
Current Rankings
In the overall pecking order of India's most valued firms, HDFC Bank retained its position at the top, followed by Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC.
Market Context
The week's gains were concentrated in financial services and IT, sectors that tend to benefit from improving domestic sentiment and stable global cues. Notably, the divergence between gainers and losers within the top-10 reflects selective institutional buying rather than a broad-based rally. With the BSE benchmark's weekly gain remaining modest at under 0.25%, the market cap additions were driven largely by stock-specific momentum. Investors will watch upcoming quarterly earnings and macroeconomic data for direction in the sessions ahead.
Point of View
111 crore combined gain sounds impressive until you note that Bharti Airtel alone erased ₹20,229 crore in the same week — meaning the net picture is far more mixed than the headline suggests. The gains were concentrated in TCS and ICICI Bank, both of which benefit from distinct tailwinds: IT export resilience and a domestic credit cycle, respectively. The losers — Airtel, HUL, SBI — span telecom, FMCG, and public-sector banking, a spread that points to sector-specific headwinds rather than macro stress. The BSE's 0.23% weekly gain confirms this was a stock-picker's week, not a tide-lifts-all-boats moment.
NationPress
12 Aug 2026
Frequently Asked Questions
Which companies gained the most in market cap last week?
TCS led with a gain of ₹19,338.68 crore, followed by ICICI Bank at ₹14,515.93 crore and LIC at ₹9,076.37 crore during the week ended 24 May. Bajaj Finance and Larsen & Toubro also posted gains.
Which top-10 company lost the most market cap last week?
Bharti Airtel recorded the sharpest decline, losing ₹20,229.67 crore to close the week with a market cap of ₹11,40,295.49 crore. HUL and SBI also saw significant erosions.
How did the broader market perform during this period?
The BSE benchmark index rose 177.36 points, or 0.23%, over the week — a modest gain that suggests the market cap additions among top firms were driven by selective buying rather than a broad rally.
What is the current ranking of India's most valued companies?
As of the week ended 24 May, HDFC Bank leads the ranking, followed by Bharti Airtel, ICICI Bank, SBI, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC.
Why did Bharti Airtel's market cap fall despite a positive market week?
The source does not specify a reason for Airtel's decline. The drop of ₹20,229.67 crore occurred even as the broader BSE index posted a weekly gain, indicating stock-specific selling pressure rather than a market-wide downturn.
