Mumbai: The country’s most valued firms added over Rs33,000 crore to their market capitalisation last week, although heavy-weights like State Bank of India and Bhel suffered heavy losses in the premier club of top-10.
SBI, the country’s largest lender, lost Rs314 crore, from its market capitalisation previous week. At the end of trade on Thursday, SBI’s valuation stood at Rs72,402 crore.
The rejig in the elite club saw Bhel moving down to the seventh spot after losing Rs1,694 crore. Shares of BHEL dropped 2.25% on the Bombay Stock Exchange taking its total valuation down to Rs73,293 crore.
The top-10 firms, comprising four private and six public sector entities, added Rs33,416 crore to their valuation last week, taking the total market cap of the elite club to Rs11,913,76 crore.
In the previous week, the valuation of the club was at Rs11,57,958 crore.
The gains in the premier club of top-10 was led by country’s most valued firm Reliance Industries which gained Rs11,103 crore, accounting for a third of the total gains.
At the end of trade on Thursday, Mukesh Ambani-led RIL was valued at Rs2,72,747 crore.
Two state-run companies -- oil major Oil and Natural Gas Corporation and power utility NTPC-- added Rs3,112 crore and Rs8,658 crore, respectively, to their valuation last week.
At the end of Thursday’s trade, ONGC remained the most valued PSU firm with a market cap of Rs1,89,279 crore. Besides, NTPC’s valuation stood at Rs1,60,127 crore.
The rejig in the premier club saw trading firm MMTC moving up to the sixth place, replacing power equipment maker Bhel, after gaining Rs3,163 crore.
Telecom services provider Bharti Airtel and IT bellwether Infosys Technologies added Rs5,657 crore and Rs347 crore, respectively, to their market cap last week.
Diversified conglomerate ITC gained Rs868 crore and mining giant NMDC added Rs2,516 crore to its valuation in the week under review.
Apart from the top 10 most valued firms, two private sector lenders, ICICI Bank and HDFC Bank, together added Rs4,650 crore to their valuation last week.
While, ICICI Bank saw its market cap surge by Rs4,169 crore to Rs44,274 crore, HDFC Bank added Rs481 crore to Rs 44,497 crore at the end of Thursday’s trade.
RIL, the numero-uno in the list, is followed by ONGC (Rs1,89,279 crore), NTPC (Rs1,60,127 crore), Bharti Airtel (Rs1,26,850 crore), Infosys (Rs81,710 crore), MMTC (Rs77,984 crore), Bhel (Rs73,293 crore), SBI (Rs72,402 crore), ITC (Rs70,732 crore), NMDC (Rs66,250 crore).