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Nine of the top 10 valued firms added Rs 3.35 lakh crore in their market valuation last week in tandem with a positive trend in equities, led by Reliance Industries. HDFC Bank, Tata Consultancy Services (TCS), ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and ITC were the gainers among the top 10 companies. Bharti Airtel was the only laggard.
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Celebi Hava lost over Rs 2,500 crore in market value after India revoked security clearance citing national security. The company is pursuing legal remedies while denying political links and emphasizing its Indian operations.
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Four IPOs will hit the Indian markets next week, led by mainboard offerings from Belrise Industries and Borana Weaves. Two SME firmsUnified Data-Tech Solutions and Dar Creditwill also launch issues, aiming to raise capital for expansion, debt repayment, and operations amid renewed investor interest.
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