Adani Transmission Now 9th Most Valued Firm; LIC Slips Out Of The Top 10 Club

Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (of ₹ 4.43 lakh crore.

New Delhi: Adani Transmission has entered the coveted list of the top 10 most valued companies, with a market capitalization (mcap) of ₹ 4.43 lakh crore, and holds a ninth place in the overall ranking.

On Tuesday, shares of the company jumped 3.05 per cent to settle at ₹ 3,971.65 apiece on BSE. During the day, it rallied 4.87 per cent to hit its 52-week high of ₹ 4,041.90.

The company commanded a market valuation of ₹ 4,43,034.65 crore.

Shares of the company have jumped a whopping 129.19 per cent so far this year. In comparison, the BSE Sensex has climbed 2.20 per cent so far in 2022.

Reliance Industries Limited is the most valued domestic firm with a market capitalisation of ₹ 17,85,412.57 crore, followed by TCS (Rs 11,75,140.94 crore), HDFC Bank (Rs 8,26,633.55 crore), Infosys (Rs 6,28,296.46 crore) and Hindustan Unilever (Rs 6,24,756.32 crore).

Next in the ranking is ICICI Bank which has a market valuation of ₹ 6,18,012.83 crore, followed by State Bank of India (Rs 4,74,030.75 crore), HDFC (Rs 4,44,189.03 crore), Adani Transmission (Rs 4,43,034.65 crore) and Bajaj Finance (Rs 4,42,193.40 crore).

Life Insurance Corporation (LIC) has moved out of the top 10 most valued companies club. It now ranks in 11th place, with a mcap of ₹ 4,26,020.22 crore.

Shares of LIC ended 0.54 per cent higher at ₹ 673.55 apiece on the BSE.