Mumbai: The country’s top-10 firms added over Rs39,000 crore to their market capitalisation last week, with Oil and Natural Gas Corporation (ONGC) gaining the most.
The market valuation of ONGC swelled by Rs18,116 crore, taking its total market cap to Rs2,40,880 crore in the week ended 25 July. Shares of ONGC soared 8.13% to close at Rs ,126.20 at the end of Friday’s trade on the BSE.
The total market cap of ONGC stood at Rs2,22,763 crore during the week ended 17 July, 2009.
The coveted club, which comprises of four private sector and six public sector companies, added Rs39,401 crore to their market valuation at Rs16,13,155 crore for the week ended 25 July.
The total market-cap of the elite club stood at Rs15,73,754 crore in the previous week ended 17 July.
The country’s most-valued firm, Reliance Industries Ltd, added Rs12,646 crore to its market valuation, taking its total market cap to Rs3,16,938 crore.
RIL had a market valuation of Rs3,04,292 crore last week.
State-run National Thermal Power Corporation (NTPC) and private sector telecom services provider Bharti Airtel, together added Rs5,429 crore to their market cap.
At the end of the week, the market valuation of NTPC stood at Rs1,73,856 crore and Bharti Airtel at Rs1,57,759 crore.
Meanwhile, state-run Mines and Minerals Trading Corporation (MMTC) and National Mining Development Corporation (NMDC) together lost Rs12,399.93 crore from their market cap.
MMTC’s total market valuation stood at Rs1,52,688 crore and NMDC’s at Rs1,46,238 crore at the end of the week.
IT bellwether Infosys Technologies jumped to seventh position from eight in the coveted club after adding Rs7,814 crore to its market cap, while Bharat Heavy Electricals Ltd (Bhel) slipped to eight slot from seventh after losing Rs1,214 crore from its market valuation.
The country’s largest public sector lender, State Bank of India, added Rs1,514 crore to its market valuation and IT firm Tata Consultancy Services, which made an entry in the club during the week, added Rs7,496 crore to its market cap.
Besides the top-10 firms, two major private sector lenders ICICI Bank and HDFC Bank together added Rs3,418 crore to their market valuations.
At the end of the week, the market valuation of ICICI Bank stood at Rs85,376 crore and HDFC Bank at Rs61,871 crore.
In the club of top-10 firms, RIL is followed by ONGC (Rs2,40,879 crore), NTPC (Rs1,73,855 crore), Bharti Airtel (Rs1,57,759 crore), MMTC (Rs1,52,688 crore), NMDC (Rs1,46,238 crore), Infosys (Rs1,14,804 crore), Bhel (Rs1,07,851 crore), SBI (Rs1,07,834 crore), and TCS ( Rs94,308 crore).