Top 10 firms shed Rs 2.74 lakh crore in a week; HUL is the lone gainer
Nine of India’s 10 most valuable companies lost a combined Rs 2.74 lakh crore in market value during the week ended July 24. Reliance Industries lost Rs 65,429.82 crore, while Hindustan Unilever added Rs 152.73 crore.
Nine of India’s 10 most valuable companies lost Rs 2.74 lakh crore in market value during the week ended July 24. Reliance Industries lost Rs 65,429.82 crore, while Hindustan Unilever was the sole gainer, adding Rs 152.73 crore.
Why this matters
The market-value decline follows signals that a reported Jio IPO filing put Reliance Industries back on analysts’ radar, with analysts flagging up to 28% upside.
Retail-company signals are accelerating, up 1,121,000% QoQ.