Mumbai: The country’s 10 most valued firms added Rs4,10,000 crore to their total market capitalisation in May, with state-run NMDC contributing nearly Rs1 lakh crore to its kitty.
The top 10 companies in terms of market cap on the BSE added Rs4,10,817 crore to their combined market cap at Rs16,58,436 crore. The elite club, which includes six public sector companies and four private sector players, had a market cap of Rs12,47,619 crore in April.
Mining major NMDC added Rs99,772 crore to its market cap in May, making it the third most valued firm. Its market valuation stood at Rs1,78,055 crore at the end of the month with its shares more than doubling to Rs449.10 at close on last Friday on the BSE.
In April, the market cap of NMDC was at Rs78,283 crore, while the scrip had settled at Rs197.45 on last trading day of the month.
The country’s most valued firm, Reliance Industries, added Rs74,724 crore to take its market valuation to over Rs3,00,000 crore mark in May. The market cap of RIL stood at Rs3,58,433 crore at the end of the month against Rs2,83,709 crore in April.
State-run ONGC remained the second most valued firm, adding Rs66,391 crore to its market cap at Rs2,51,510 crore in May.