Top firms add Rs67k cr in market valuation last week

Top firms add Rs67k cr in market valuation last week

Mumbai: Eight of the country’s top-10 most valued firms added a sum of over 67,000 crore to their combined market valuation last week, with mining giant NMDC contributing the most to its kitty.

However, state-run NTPC and largest software exporter TCS witnessed a combined erosion of Rs1,910.78 crore from their market capitalisations in the week ended 7 November.

Mining giant NMDC added as much as Rs15,363.21 crore to its market cap in the reviewed week, taking its total market valuation to Rs1,34,165.45 crore.

Numero-uno in the list, Reliance Industries Ltd (RIL) added Rs4,189.96 crore to its market capitalisation to Rs3,21,517.51 crore for the week under review.

Last week, the market traded for four days only, Monday (2 November) being a holiday on the occasion of Gurunanak Jayanti.

State-owned oil firm ONGC followed RIL with its market valuation surging by Rs5,668.01 crore to Rs2,47,937.81 crore at the end of the week.

Public sector trading firm MMTC moved to third place after adding Rs29,523 crore to its market cap which stood at Rs1,80,734.25 at the end of the week.

Power utility NTPC slipped to fourth slot after losing 824.54 crore from its market valuation.

Public sector lender SBI, which figured at the fifth

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place, added 838.04 crore taking its market cap to 1,39,940.25 crore.

NMDC jumped to sixth slot from eighth after witnessing the highest surge in its valuation. Shares of NMDC rose nearly thirteen per cent during the week to close at 338.40 on the Bombay Stock Exchange (BSE) on Friday trade.

IT bellwether Infosys Technologies slipped to seventh slot from sixth even after adding 710.92 crore to its market cap, while software company TCS slipped to eighth from seventh after losing 1,086.24 crore from its market cap.

Infosys’ market cap surged to Rs1,27,151 crore, while TCS’ valuation dipped to Rs1,21,474 crore.

Private telecom services provider Bharti Airtel (9th slot) and power equipment maker Bhel (10th place) together added 10,754.07 crore to their market valuation.

At the end of the week the total market cap of Bharti Airtel stood at Rs1,21,460.91 crore and BHEL’s at Rs1,08,749.32 crore.

In the top-10 club, RIL is followed by ONGC (Rs2,47,937.81 crore), MMTC (Rs1,80,734.25 crore), NTPC (Rs1,73,484.48 crore), SBI (Rs1,39,940.25 crore), NMDC (Rs1,34,165.45 crore), Infosys (Rs1,27,150.91 crore), TCS (Rs1,21,473.62 crore), Bharti Airtel (Rs1,21,460.91 crore), and Bhel (Rs 1,08,749.32 crore), in that order.