Online Business6 of top 10 cos add Rs 24k cr in m-cap; Airtel biggest gainer
Six out of the top 10 companies added over Rs 24,000 crore to their market capitalisation last week with telecom giant Bharti Airtel alone contributing one-third of the gain.
However, the country"s most valued firm Reliance Industries saw its market capitalisation dipping by over Rs 6,000 crore. On Friday, the valuation of the Mukesh Ambani-led conglomerate stood at Rs 3,51,319 crore. During the week, RIL shares lost nearly two per cent to close at Rs 1,068.95 on the BSE on Friday.
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TCS and BHEL occupied the 8th and 10th positions, respectively with a market capitalisation of Rs 1,37,816.24 crore and Rs 1,15,722.53 crore.
However, the club of top 10 companies saw as many as four entities-- RIL, NTPC, MMTC and SBI--losing a combined Rs 12,355 crore from their valuation during the week.
NTPC, the country"s second most valued PSU after ONGC, lost about Rs 500 crore from its valuation to Rs 1,72,371 crore. Also, SBI and NTPC lost Rs 3,930 crore and Rs 1,324 crore respectively from their market capitalisation during the week.
The following is the ranking of the top 10 club: RIL, the numero-uno in the list is followed by ONGC (Rs2,54,504 crore), NTPC (Rs 1,72,371 crore), MMTC (Rs 1,68,947 crore), NMDC (Rs 1,65,705 crore), SBI (Rs 1,43,848 crore), Infosys (Rs 1,40,736 crore), TCS (Rs 1,37,816 crore), Airtel (Rs 1,25,808 crore), and BHEL (Rs 1,15,723 crore).