Five of top firms lose Rs24k cr; RIL maintains top slot

Five of top firms lose Rs24k cr; RIL maintains top slot

Mumbai: As many as five companies among the elite club of top-10 Sensex firms have witnessed an erosion of over Rs24,000 crore from their market capitalisation previous week, while RIL maintained the top position with a valuation of Rs3.49 lakh crore.

In the week ended 20 November, the five firms - ONGC, MMTC, NMDC, Bhel and Bharti Airtel - together lost a sum of Rs24,665.37 crore from their market valuation.

However, the other five firms -- RIL, NTPC, SBI, Infosys Technologies and TCS -- added Rs12,365.47 crore to their market capitalisation (m-cap).

The country’s most-valued firm, Reliance Industries Ltd (RIL), added Rs1,388 crore to its market cap, taking its total valuation to Rs3,49,188 crore previous week, while mining giant NMDC was the biggest loser as it shed Rs8,445 crore from its valuation.

The numero-uno RIL had a market cap of Rs3,47,799 crore in the week ended 13 November.

State-run oil firm ONGC was at the second position, even though it saw a decline of Rs3,069 crore from its market cap, with its total valuation at Rs2,50,066 crore.

Power producer NTPC inched up to third slot from fourth after adding Rs124 crore, while trading behemoth MMTC slipped to fourth place after losing Rs7,883 crore from its m-cap.

The total market valuation of NTPC surged to Rs1,77,360 crore, while the m-cap of MMTC declined to Rs1,72,259 crore.

NMDC stood at the fifth place followed by SBI and Infosys Technologies. The market capitalisation of NMDC stood at Rs1,64,356.64 crore.

The market valuation of public sector lender SBI stood at Rs1,48,292 crore, while Infosys Technologies’ market cap surged to Rs1,39,173 crore.

IT firm Tata Consultancy Services added Rs4,521 crore, with its m-cap at Rs1,35,692.68 crore.

Power equipment maker Bhel climbed to ninth position from tenth even after losing Rs465 crore from its m-cap. Telecom services provider Bharti Airtel lost Rs4,803 crore, with its market valuation at Rs1,09,633.76 crore.

Meanwhile, the 30-share Sensex gained 1.02% to close at 17,021.85 points at the end of Friday’s trade on the Bombay Stock Exchange.