Home >Markets >Stock Markets >Seven of top 10 most valued firms lose 59,260 cr in cumulative market valuation
People walk past the Bombay Stock Exchange (BSE) building in Mumbai. (REUTERS)
People walk past the Bombay Stock Exchange (BSE) building in Mumbai. (REUTERS)

Seven of top 10 most valued firms lose 59,260 cr in cumulative market valuation

  • The seven firms clocking losses in their market capitalisation (m-cap) were Hindustan Unilever (HUL), HDFC Bank, Kotak Mahindra Bank, Reliance Industries, HDFC, ITC and ICICI Bank

NEW DELHI : Seven of the top 10 most valued domestic companies saw a combined erosion of 59,259.58 crore in their market valuation last week, with Hindustan Unilever, HDFC Bank and Kotak Mahindra Bank emerging as major laggards.

The seven firms clocking losses in their market capitalisation (m-cap) were Hindustan Unilever (HUL), HDFC Bank, Kotak Mahindra Bank, Reliance Industries, HDFC, ITC and ICICI Bank.

In contrast, Tata Consultancy Services (TCS), Infosys and Bharti Airtel saw gains in their valuation for the trading week closed on Friday.

HUL's m-cap plummeted 14,320.54 crore to 4,93,007.39 crore, HDFC Bank's valuation tumbled 11,611.6 crore to 5,81,900.65 crore and Kotak Mahindra Bank's market worth tanked 10,205.11 crore to 2,53,002.13 crore.

The market cap of RIL eroded by 9,027.32 crore to 15,58,987.77 crore and that of HDFC declined 8,144.93 crore to 3,09,076.75 crore.

ITC's valuation fell by 5,783.23 crore to 2,20,500.76 crore and ICICI Bank's m-cap dipped 166.85 crore to 2,55,082.88 crore.

On the other hand, TCS added 28,912.12 crore to take its valuation to 9,19,615.68 crore.

Tata Consultancy Services on Monday became the second Indian company to attain a market valuation of 9 lakh crore after Reliance Industries.

The valuation of Infosys jumped by 24,342.45 crore to 4,27,025.67 crore and that of Bharti Airtel rose by 2,755.05 crore to 2,70,977.53 crore.

In the ranking of top 10 companies in terms of m-cap, RIL was ruling the chart followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, ICICI Bank, Kotak Mahindra Bank and ITC.

During the last week, the BSE benchmark Sensex dropped 8.73 points or 0.02 per cent.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
x
×
My Reads Redeem a Gift Card Logout