Eight of top 10 firms add over 35K cr in Mcap last week

Eight of top 10 firms add over 35K cr in Mcap last week

Mumbai: The combined market capitalisation (M-cap) of eight of the country’s top 10 firms advanced by 35,096.42 crore during the last week.

State-owned ONGC emerged as the best performer among the 10 largest companies in terms of market capitalisation, with its valuation increasing by 15,613.75 crore to 2,60,257.7 crore during the week.

The country’s most valued corporate firm Reliance Industries was the second biggest gainer during the week. Its market worth surged by 7,054.39 crore to 3,40,427.63 crore.

State-run Coal India added 3,789.82 crore to its market valuation which stood at 2,28,936.47 crore at close on Thursday last week on the Bombay Stock Exchange.

The country’s two major lenders, SBI and ICICI Bank, together added 5,455.23 crore to their valuations. The M-cap of SBI stood at 1,81,629.36 crore, while that of ICICI Bank was at 1,28,369.79 crore.

Country’s largest software firm Tata Consultancy Services, which reported its fourth quarter numbers last week, saw a mild addition of 215.29 crore to it market cap which stood at 2,33,229.74 crore.

The company has posted 31.1% growth in net profit at 2,623 crore for the fourth quarter ended 31 March, 2011.

State-owned NTPC also saw its valuation swelling by 1,278.05 crore to 1,54,107.65 crore, while telecom player Bharti Airtel’s m-cap accelerated by 1,689.89 crore to 1,43,014.6 crore during the week.

In a sharp contrast, IT bellwether Infosys Technologies and FMCG major ITC saw decline in their respective M-caps in the week gone by.

The market cap of Infosys slipped by 4,567.28 crore to 1,67,031.68 crore after the company reported muted quarterly numbers. Infosys has reported 13.62% jump in net profit at 1,818 crore for the fourth quarter ended 31 March, 2011.

Diversified business group ITC also lost 1,005.95 crore from its valuation which stood at 1,47,101.28 crore.

The BSE key index Sensex went up by 1.11% to settle at 19,602.23 during the last week.