Eight of top 10 Indian firms lose Rs1.35 trillion in m-cap, TCS worst hit
Tata Consultancy Services (TCS), the country’s most valuable firm, took a hit of Rs44,071.8 crore during the week in m-cap which was Rs6,75,279.15 crore at close on Friday
Mumbai: Eight of the ten most valued Indian firms suffered a combined loss of Rs1,35,162.15 crore in market capitalisation last week with benchmark BSE Sensex diving around 3%.
TCS, RIL and Infosys took a severe beating in market valuation while only two bluechips, HDFC and ICICI Bank, managed to record gains in market capitalisation (m-cap) for the week ended Friday.
HDFC Bank, ITC, HUL, SBI and Kotak Mahindra Bank closed the week with losses in their valuation.
Tata Consultancy Services (TCS), the country’s most valuable firm, took a hit of Rs44,071.8 crore during the week in m-cap which was Rs6,75,279.15 crore at close on Friday.
RIL’s valuation tumbled Rs36,097.6 crore to Rs6,62,180.42 crore and that of Infosys nosedived Rs21,447.9 crore to Rs2,76,737.95 crore.
ITC’s m-cap slumped Rs9,549.33 crore to Rs3,43,592.12 crore and that of SBI plummeted Rs11,378.9 crore to Rs2,21,419.02 crore.
The valuation of Kotak Mahindra Bank dived Rs7,709.87 crore to Rs2,21,044.81 crore and that of Hindustan Unilever Ltd (HUL) plunged Rs4,058.72 crore to Rs3,37,782.64 crore.
Also, HDFC Bank’s m-cap went down by Rs848.14 crore to Rs5,33,294.35 crore. From the gainers side, HDFC added Rs6,886.95 crore to Rs2,92,206.11 crore and the m-cap of ICICI Bank went up by Rs 117.47 crore to Rs 2,02,759.47 crore. ICICI Bank last week made its entry into the top-10 list.
In the ranking of top-10 firms, TCS stood at number one position followed by RIL, HDFC Bank, ITC, HUL, HDFC, Infosys, State Bank of India (SBI), Kotak Mahindra Bank and ICICI Bank.
Over the last week, the BSE 30-share key index fell by 966.32 points, or about 3% to close at 33,349.31.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.
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