New Delhi: The country’s 10 most valued firms added over Rs40,000 crore to their market capitalisations last week, with Reliance Industries accounting for over one-third of the total gain.
The 10 most valued firms added Rs41,538 crore to their valuation last week, taking the total market capitalisation of the elite club to Rs12,89,157 crore at the end of trade on Friday.
Last week, valuation of the club, comprising four private and six public sector entities, was at Rs12,47,619 crore.
Corporate behemoth Reliance Industries Ltd added Rs14,841 crore to its market cap last week, taking its valuation to Rs2,98,549 crore. The valuation of the Mukesh Ambani-led firm was at Rs2,83,709 crore a week ago.
Shares of RIL surged over 5% to end at Rs1,897 on the Bombay Stock Exchange last week.
However, amid overall gain in the broader market, three firms - NTPC, Bhel and ITC - lost a combined Rs777 crore in a week.
At the end of Friday’s trade, power utility NTPC witnessed an erosion of Rs289 crore from its valuation to Rs1,56,499 crore. Bhel lost Rs206 crore and FMCG major ITC Rs283 crore.
Besides, mining giant NMDC gained Rs12,667 crore during the week and moved up four places to the fifth slot in the premier club. NMDC’s valuation stood at Rs90,950 crore at the end of trade last week.
State-run oil major Oil and Natural Gas Corp added Rs3,721 crore and MMTC gained Rs3,830 crore in their valuation, respectively. The market cap of ONGC, the most valued PSU entity, stood at Rs1,88,840.83 crore.
Besides, telecom services provider Bharti Airtel and State Bank of India added Rs3,435 crore and Rs3,012.5 crore, respectively, to their valuation last week.
IT bellwether Infosys added Rs807 crore to its valuation and dropped by a notch to the sixth place in the top-10 club.
Apart from the 10 most valued firms, two private sector lenders - ICICI Bank and HDFC Bank - added Rs4,770 crore and Rs1,820.62 crore, respectively, last week.
ICICI Bank’s and HDFC Bank’s market capitalisation stood at Rs53,186 crore and Rs46,821 crore, respectively.
RIL, the numero-uno in the list, is followed by ONGC (Rs1,88,840 crore), NTPC (Rs1,56,498 crore), Bharti Airtel (Rs1,45,671 crore), NMDC (Rs90,950 crore), Infosys (Rs87,148 crore), MMTC (Rs85,624 crore), SBI (Rs84,131 crore), Bhel (Rs80,650 crore), ITC (Rs71,091 crore).