Top 10 companies gain Rs2,651 cr in a week

Top 10 companies gain Rs2,651 cr in a week
PTI
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First Published: Sun, Jan 18 2009. 10 38 AM IST
Updated: Sun, Jan 18 2009. 10 38 AM IST
Mumbai: The country’s 10 most valued firms added a meagre Rs2,651 crore to its market capitalisation last week, while five of them saw a value erosion of nearly Rs17,000 crore during the period.
Besides, the country’s most valued firm Reliance Industries alone added Rs10,599 crore to its valuation in a week, taking its total market-cap to Rs1,91,752 crore at the end of trade on Friday.
The RIL scrip gained nearly 6% to settle at Rs1,218.40 per share on the BSE on the last trading session.
During the week, the market-cap of top 10 firms - comprising six from public and four from private sectors - witnessed a total gain of Rs2,651 crore in their valuation to Rs10,22,604 crore.
The market-cap of the 10 companies as on 9 January was at Rs10,20,313 crore.
Of the five firms which lost a hefty Rs16,956 crore in a week, PSU entities suffered the most. While state-run trading firm MMTC saw its valuation plunge by Rs7,230 crore, ONGC saw its value erode by Rs4,780 crore.
Also, State Bank of India witnessed a fall of Rs3,200 crore in its market-cap and power equipment maker BHEL lost Rs930 crore in its market-cap.
Besides, private sector cellular operator Bharti Airtel lost Rs816 crore from its valuation, which stood at Rs1,20,129 crore at the end of trade on Friday.
Meanwhile, two PSU entities - NMDC and NTPC added combined Rs3,782 crore to their valuation in a week.
Mining giant NMDC staged a comeback to the premier club of the country’s most valued firms by adding Rs2,291 crore to its valuation.
The shuffling in the elite club saw NMDC replacing FMCG major Hindustan Unilever (HUL) at the 10th place. During the week HUL lost Rs2,806.32 crore and slipped from the coveted club.
Besides, power utility NTPC added Rs1,443 crore and remained the most valued PSU entity in the country with a market-cap of Rs1,48,295 crore.
During the week, software major Infosys Technologies’ added Rs4,189 crore to its valuation and regained the seventh position replacing BHEL.
The IT bellwether, which beat street expectations by reporting a 33.3% jump in its December quarter net profit at Rs1,641 crore, saw its valuation increase to Rs72,625 crore at the end of trade on Friday.
Diversified conglomerate ITC added Rs1,037 crore in a week to its market cap which increased to Rs64,964 crore at the end of trade on Friday.
Besides, private sector banking giant ICICI Bank saw an erosion of about Rs3,440 crore from its valuation. While, the second largest private sector lender HDFC Bank added Rs1,492 crore during the week.
At the end of Friday’s trade, market-cap of ICICI Bank stood at Rs47,197 crore and that of HDFC Bank was at Rs44,529 crore.
RIL, the numero-uno in the list of the most valued firms, is followed by NTPC (Rs1,48,294 cr), ONGC (Rs ,38,631 cr), Bharti Airtel (Rs1,20,129 cr), MMTC (Rs83,592 cr), SBI (Rs73,625 cr), Infosys (Rs72,625 cr), BHEL (Rs68,418 cr), ITC (Rs64,964 cr) and NMDC (Rs60,204 crore).
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First Published: Sun, Jan 18 2009. 10 38 AM IST