Top 10 firms gain Rs53, 000 cr last week

Top 10 firms gain Rs53, 000 cr last week

Mumbai: The recovery on bourses last week has added over Rs52, 600 crore to market valuations of country’s 10 most valued firms, with Reliance Industries gaining the most and regaining the crucial Rs2 trillion mark.

The combined market capitalisation of the country’s top 10 firms — comprising five pubic sector and five private sector entities — gained Rs52, 621.06 crore last week at Rs9, 98, 374.84 crore at the end of Friday’s trading. The combined valuation of the elite club stood at Rs9, 45, 753.78 crore a week ago.

After dabbling below the psychological Rs2 trillion mark for six consecutive weeks, the country’s most valued firm Reliance Industries regained its lost turf by adding Rs29, 524 crore to its valuation last week.

Mukesh Ambani-led RIL saw its market capitalisation rising to Rs2, 05, 568 crore at the end of Friday’s trade against a valuation of Rs1, 76, 044 crore a week ago.

The shares of RIL gained nearly 17% in the week to settle at Rs1, 306.20 on last Friday. Since 24 October, when the firm had first slipped below the Rs2, 00, 000 crore mark, it has gained about 29% to its share price.

Leading cellular operator Bharti Airtel rose to the third place, adding Rs10, 820 crore in a week to its valuation. However, state-run NTPC dropped to the fourth spot despite a gain of Rs3, 092 crore last week.

Public sector ONGC and IT bellwether Infosys Technologies bucked the trend and lost a combined over Rs3, 400 crore. ONGC lost Rs1, 797 crore but kept intact its second position with a valuation of Rs1, 38, 267 crore.

Infosys’ valuation eroded by Rs1, 620 crore and the IT major lost out the seventh slot to ITC.

The Bombay Stock Exchange benchmark Sensex gained 527.45 points last week at 9,690.07 points at the end of Friday’s trade.

In the coveted top 10 club, the PSU firms added Rs11, 627 crore last week while the private sector entities witnessed an addition of Rs40, 994 crore.

Country’s largest lender State Bank of India added Rs5, 019 crore and retained the fifth slot with its market valuation at Rs77, 116 crore. Mining giant NMDC gained Rs4, 302 crore in the week.

On other hand, the biggest private sector lender ICICI Bank saw its valuation rising Rs45, 805 crore, up by Rs5, 900 crore. Also HDFC Bank saw its valuation rising to Rs45, 805.08 crore, thereby adding Rs1, 331.58 crore during the week.

RIL, the numero-uno in the list of the most valued firm, is followed by ONGC (Rs2, 05, 568 crore), Bharti Airtel (Rs1, 37, 107 crore), NTPC (Rs1, 36, 050.09 crore), SBI (Rs77, 115.70 crore), Bhel (Rs66, 557.59 crore), ITC (Rs65, 027.45 crore), Infosys (Rs63, 398.65 crore), NMDC (Rs56, 318.56 crore) and HUL (Rs52, 964.11 crore).