Mumbai: As many as six among the top 10 firms added over Rs28,415 crore to their market capitalisation in the past week, while companies like NTPC, NMDC and IT bellwether Infosys Technologies saw their valuations dipping.
State-run NTPC and NMDC lost Rs4,989 crore and Rs5,154 crore, respectively, in their valuation during the week ended 15 August.
The total market cap of NTPC stood at Rs1,70,021 crore and NMDC at Rs1,44,553 crore at the end of the week.
Meanwhile, India’s largest oil producer ONGC gained the most by adding Rs17,571 crore to its market cap, taking its total market valuation to Rs2,60,985 crore at the end of the week.
The ONGC scrip surged 7.21% last week to close at Rs1,220.20 on the Bombay Stock Exchange (BSE) on Friday.
The country’s most valued firm, RIL, added Rs6,044 crore to its valuation during the week ended 15 August. RIL’s market cap rose to Rs3,20,172 crore at the end of the week.
Private sector telecom services provider Bharti Airtel jumped to fourth place from fifth after adding Rs9,169 crore to its market cap, taking its total market valuation to Rs1,54,892 crore.