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India’s top 10 firms gain Rs51,000 crore

India’s top 10 firms gain Rs51,000 crore
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First Published: Sun, Jan 04 2009. 11 11 AM IST

Updated: Sun, Jan 04 2009. 11 11 AM IST
Mumbai: The elite club of country’s top 10 companies has added about Rs51,000 crore to its kitty last week, with market leader Reliance Industries regaining the Rs2,00,000-crore mark in terms of market-cap.
Besides, power major NTPC also maintained its lead over oil behemoth ONGC as the country’s most-valued PSU firm.
During the week, the Mukesh Ambani-led firm’s valuation surged to Rs2,02,060.18 crore from Rs1,90,745 crore a week earlier.
The company added Rs11,316 to its kitty in this period.
The week saw the total market-cap of the premier club, comprising six public sector and four private sector entities, rise by Rs50,824 crore to Rs10,92,106.40 crore.
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Meanwhile NTPC, which had a week ago toppled the upstream oil giant ONGC to become the top state-run entity, saw its market-cap rise by Rs5,524.45 crore from Rs1,46,192.01 crore in the previous week.
ONGC, on the other had, added Rs7,742.71 crore and settled at the third spot with a valuation of Rs1,45,454 crore.
Mining giant NMDC was the biggest gainer during the week adding about Rs13,000 crore to its valuation and rising to the seventh position.
At the end of trade on Friday, NMDC saw its valuation rise to Rs74,576 crore. Its shares surged 21% to Rs188.10 at the end of Friday’s trade on the BSE.
State-run MMTC was the lone loser in the coveted club during the week witnessing a value erosion of Rs3,383 crore. MMTC’s valuation fell to Rs1,00,732 crore last week from Rs1,04,115 crore a week ago.
Meanwhile, diversified conglomerate ITC dropped two notches to the ninth slot despite adding Rs1,282 crore to its market-cap and IT bellwether Infosys slipped to the 10th place even after adding Rs1,225 crore in a week.
Leading cellular operator Bharti Airtel added Rs3,436 crore to its valuation and remained at the fourth place with a valuation of Rs1,33,787 crore.
Also country’s largest lender State Bank of India added Rs5,444 crore to its market-cap and stayed at the sixth spot, while power equipment maker BHEL added Rs5,292 crore to its coffer.
Apart from the top 10 companies in the list, private sector banking giant ICICI Bank added Rs5,928.11 crore to its valuation. While second largest private sector lender HDFC Bank added Rs1,837 crore to its market cap.
The market cap of ICICI Bank stood at Rs52,457 crore, while HDFC Bank was at Rs43,186 crore at the end of Friday.
RIL, the numero-uno in the list of the most valued firms, is followed by NTPC (Rs1,51,716 crore), ONGC (Rs1,45,454 crore), Bharti Airtel (Rs1,33,787 crore), MMTC (Rs1,00,732 crore), SBI (Rs84,439 crore), NMDC (Rs74,576 crore), BHEL (Rs68,937 crore), ITC (Rs 5,643 crore) and Infosys (Rs64,763 crore).
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First Published: Sun, Jan 04 2009. 11 11 AM IST
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