Mumbai: The country’s top-10 valued firms added over Rs41,000 crore to their market capitalisation during the month ended 31 July, with state-run Oil and Natural Gas Corporation (ONGC) contributing most to the kitty.
PSU major ONGC added Rs23,934 crore to its valuation taking its total market cap to Rs2,49,071 crore at the end of trade in the just ended month.
The top-10 coveted club, which comprises six public and four private sector firms, together added Rs41,131 crore during the month, taking their total valuation to Rs16,27,549 crore for the month ended July.
The total market cap of these top gainers stood at Rs15,86,418.25 crore on 1 July.
The country’s most valued firm, Reliance Industries saw erosion of Rs15,768 crore in its market cap in the last one month, after which it stood at Rs3,08,022 crore.
Two PSUs NTPC added Rs16,491 crore to its market cap while MMTC lost Rs12,167 crore from their valuation.
At the end of the month, market cap of NTPC stood at Rs1,77,772 crore and MMTC at Rs1,48,877 crore.
Private telecom services provider Bharti Airtel lost Rs315 crore from its market cap, while National Mining Development Corporation (NMDC) added Rs159 crore to its market valuation.
The market cap of Airtel stood at Rs1,55,879 crore and that of NMDC at Rs1,42,392 crore.
Infosys Technologies jumped to seventh position from the ninth, after adding Rs15,355 crore to its market cap, taking its total market valuation to Rs1,18,274 crore.
Despite the total valuation of State Bank of India and Bharat Heavy Electricals Ltd (Bhel) rising as much as Rs2,705 crore, the two companies saw their respective ranking fall.
The market valuation of SBI stood at Rs1,15,167 crore and Bhel at Rs1,09,066 crore.
Software service provider Tata Consultancy Services (TCS) entered into the list of top-10 firms replacing engineering major Larsen & Toubro Limited (L&T).
Meanwhile, during the week the top-10 firms added Rs14,394 crore to their market cap taking its total market valuation to Rs 16,27,549 crore for the week ended 31 July.
The firms had total market cap of Rs16,13,155 crore for the week ended 24 July.