Mumbai: The country’s top-10 firms added Rs1,42,000 crore to their market capitalization last week with country’s most valued firm, Reliance Industries crossing Rs3 trillion mark after two weeks.
Reliance Industries Ltd added Rs24,395 crore to its market valuation taking its total market cap to Rs3,04,292 crore. RIL shares surged nearly 9% on the Bombay Stock Exchange (BSE) to end at Rs1,933.40 on Friday.
RIL had a market valuation of Rs2,79,897 crore last week.
The coveted club, which comprises of 4 private sector and 6 public companies, added Rs1,42,320 crore to their market valuation to Rs16,04,896 crore for week ended 17 July.
In the previous week, the total market-cap of the elite club stood at Rs14,31,433.42 crore.
State-run Oil and Natural Gas Corporation (ONGC) and National Thermal Power Corporation (NTPC) together added Rs21,567 crore to their market cap.
At the end of the week total market valuation of ONGC stood at Rs2,22,763 crore and NTPC’s at Rs1,69,114 crore.
Telecom services provider Bharti Airtel added Rs8,562 crore to its market cap taking its total valuation to Rs1,57,071 crore at the end of Friday.
Two other public sector firms, Minerals and Metals Trading Corporation (MMTC) and National Mining Development Corporation (NMDC) together added Rs52,394 crore to their market valuation.
MMTC’s market cap stood at Rs1,56,207 crore and NMDC’s at Rs1,55,119 crore.
Bharat Heavy Electricals (BHEL) jumped to the seventh position from the ninth slot after adding Rs11,912 crore to its market valuation while IT bellwether Infosys Technologies slipped to the eighth slot from the seventh even after adding Rs8,052 crore to its market cap.
The country’s largest public sector lender State Bank of India slipped to the ninth slot from eighth even after adding Rs8,320 crore to its market cap and FMCG conglomerate ITC added Rs7,119 crore to its market valuation.
Besides the top-10 firms, two private sector lenders, ICICI Bank and HDFC Bank together added Rs14,733 crore in their market cap at the end of Friday.
Total market valuation of ICICI Bank stood at Rs82,660 crore and HDFC Bank at Rs61,170 crore.
RIL has retained its numero uno position in the club of top-10 firms followed by ONGC, NTPC, Bharti Airtel, MMTC, NMDC, Bhel, Infosys, SBI, and ITC.