Mumbai: The country’s top 10 companies have witnessed an erosion of about Rs72,000 crore from their market capitalisation in a week, with Reliance Industries’ valuation again dipping below the Rs2,00,000 crore mark.
Meanwhile, IT bellwether Infosys and Bhel defied trend and together added Rs4,085 crore to their valuation in a week.
During the week, the market capitalisation of top 10 firms - comprising five each from public and private sectors - witnessed an erosion by Rs 71,793 crore in their valuation to Rs 10,20,313 crore.
The market capitalisation of the 10 companies as on 2 January was at Rs10,92,106 crore.
During the week, the Mukesh Ambani-led firm’s valuation dipped to Rs1,81,152 crore, an erosion of Rs20,908 crore during the week’s time. The corporate behemoth had a market capitalisation of Rs2,02,060 crore in the week ago period.
The company also witnessed a 10% plunge in its share price during the week to settle at Rs1,151.05 on Friday.
The shuffling in the premier category of these 10 coveted companies saw state-run Nmdc falling out of it after losing Rs16,711.21 crore in a week, while Bhel taking its place at the seventh spot. Also Infosys climbed up to the eighth spot from 10th last week. Hindusthan Unilever entered the coveted club at the 10th place.
IT major Infosys Technologies was added Rs3,673 crore to its market capitalisation and Bhel gained Rs411 crore during the week.