Top-10 firms lose Rs215 cr in a week; RIL retains top slot

Top-10 firms lose Rs215 cr in a week; RIL retains top slot
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First Published: Sun, Feb 08 2009. 11 46 AM IST
Updated: Sun, Feb 08 2009. 11 46 AM IST
By PTI
Mumbai: Country’s top 10 companies managed to get away with just Rs215 crore losses, even as the entire market saw an erosion of as much as Rs41,000 crore in a week.
Mukesh Ambani-led Reliance Industries maintained its last week’s gains adding Rs2,880 crore to its market capitalisation, floating well above the Rs2 trillion mark.
The company at the end of the Friday’s trade had a market valuation of Rs 2,11,440 crore as against Rs2,08,559.98 crore in the previous week.
Meanwhile, state-owned NTPC emerged as the biggest loser during last week, witnessing an erosion of Rs7,585.83 crore from its market valuation.
NTPC shares slid nearly 5% to settle at Rs180.30 on Friday on the BSE.
Besides, the combined market valuation of all the listed companies dropped by Rs41,124 crore to Rs29,58,401.27 crore.
Last week, the total market capitalisation had been as much as Rs29,99,525 crore.
Further, state-run ONGC pooled in the biggest amount in the top 10 club by adding 4,887 crore to its market valuation, but the firm remained at the third place in the top 10 rankings.
During the week, the ONGC stock gained as much as 4.53% to end the trade on Friday at Rs681.05.
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First Published: Sun, Feb 08 2009. 11 46 AM IST
More Topics: Companies | RIL | Ambani | Reliance Industries | ONGC |