In a first, Bharti Airtel beats TCS; becomes largest company by market cap: India’s 10 most-valuable companies

Bharti Airtel has overtaken Indian IT giant Tata Consultancy Services (TCS) to become India’s third-largest company by market capitalisation on Monday. Bharti’s market cap was at Rs 11.44 lakh crore against TCS’s Rs 11.42 lakh crore, as per data from NSE on July 21. With this, Bharti Airtel becomes India’s third most-valuable company.

10 most-valuable companies in in India

Reliance Industries is the largest company by market value at Rs 19.3 lakh crore, with HDFC Bank second at Rs 15.34 lakh crore. The 10 most-valuable companies in in India as per market capitalisation are: Reliance Industries, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.Last week, the combined market valuation of six of the top-10 most valued companies declined by Rs 94,433.12 crore, with Tata Consultancy Services and Reliance Industries taking the biggest hit, in line with a bearish trend in equities.While Reliance Industries, HDFC Bank, Tata Consultancy Services (TCS), Bharti Airtel, Infosys and Hindustan Unilever suffered erosion from their market valuation last week, ICICI Bank, State Bank of India, Bajaj Finance and Life Insurance Corporation of India (LIC) emerged as gainers.The valuation of TCS tumbled Rs 27,334.65 crore to Rs 11,54,115.65 crore, the most among the top-10 firms.Reliance Industries suffered an erosion of Rs 24,358.45 crore to Rs 19,98,543.22 crore from its valuation.The market capitalisation (mcap) of HDFC Bank tanked Rs 20,051.59 crore to Rs 15,00,917.42 crore.Bharti Airtel’s mcap dropped by Rs 11,888.89 crore to Rs 10,83,998.73 crore, and that of Hindustan Unilever declined by Rs 7,330.72 crore to Rs 5,84,789.77 crore.The market cap of Infosys dived Rs 3,468.82 crore to Rs 6,59,096.12 crore.



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