Top firms lose over Rs55,000 cr in market value

Top firms lose over Rs55,000 cr in market value
PTI
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First Published: Sun, Sep 14 2008. 01 50 PM IST
Updated: Sun, Sep 14 2008. 01 50 PM IST
Mumbai: Amid continuing slide on bourses, country’s top 10 firms debate in terms of market capitalisation lost more than Rs55,000 crore last week, even as Reliance Industries retained its numero uno position.
The 10 companies together lost Rs55,610 crore of market capitalisation. Public sector power major NTPC is the only one to defy the downslide.
Market leader RIL faced maximum loss at Rs21,515 crore, even as it remained the country’s most valued firm with a market capitalisation of Rs2,80,777 crore.
At the end of Friday’s trade, the total market value of the ten most valued firms comprising six from public sector and four private sector entities stood at Rs13,69,155 crore, down from Rs14,24,765 crore a week ago.
Public sector energy giant ONGC, the country’s second most valued firm, recorded the second biggest loss of Rs10,256 crore, while two other PSUs MMTC and NMDC also saw their market values plummeting in the range of Rs5,200-7,300 crore.
Another state-run major BHEL recorded a loss of Rs1,713 crore, while NTPC saw its market value growing by about Rs165 crore. PSU banking giant State Bank lost about Rs400 crore.
Among private sector firms, Bharti Airtel lost close to Rs4,812 crore, Infosys’ market value declined by close to Rs3,958 crore and the loss for Reliance Communications stood at about Rs578 crore.
Despite the loss, Reliance Communications returned to the top-ten rankings, while real estate major DLF moved out.
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First Published: Sun, Sep 14 2008. 01 50 PM IST
More Topics: ONGC | Reliance | NPTC | Firms | Revenue |