Mumbai: The country’s 10 most valued firms added whopping Rs1,31,961 crore to their total market capitalisation in April, with Reliance Industries contributing over one third to the cumulative gain.
Mukesh Ambani-led Reliance Industries added Rs40,085 crore to its market cap in April over the previous month, taking its total valuation to Rs2,83,709 crore.
The total market cap of 10 most valued firms on the BSE, comprising four private and six public sector entities, stood at Rs12,47,619 crore at the end of April.
In March, the club’s valuation was Rs11,15,658 crore.
Two state run entities ONGC and power major NTPC together added Rs18,977 crore to their market cap at the end of the month. The market cap of ONGC and NTPC stood at Rs1,85,119 crore and Rs1,56,787 crore respectively, at the end of April.
FMCG major ITC dropped to the 10th place after adding Rs932.19 crore to its market valuation at Rs 71,374 crore.
The club also witnessed country’s largest public sector lender State Bank of India notching a seventh position in April and mining giant NMDC jumping one spot to ninth from previous month.