As Shares Jump, ITC Re-enters Top-10 Most Valued Firms List; Replaces SBI

ITC on Thursday re-entered the list of top-10 most-valued companies by market capitalisation following a jump in its share price.

At the close of trade, the company's market valuation stood at Rs 1,99,072.68 crore on the BSE.

Bucking a weak broader market trend, shares of the company zoomed 7.50 per cent to close at Rs 161.95 on the BSE. During the day, it jumped 8.52 per cent to Rs 163.50.

The scrip has been rallying for three days.

Currently, ITC is at the 10th place in the m-cap ranking. The company is ahead of State Bank of India and Bajaj Finance in terms of valuation.

TCS is the most-valued Indian firm with a valuation of Rs 6,13,927.66 crore, followed by RIL whose market cap is at Rs 5,81,374.22 crore.