ManagementTop-8 cos add Rs 1 lakh cr in m-cap last week
The country"s most valued firm Reliance Industries (RIL) helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion.
- Top 10 cos add Rs 55,000 cr in m-cap last week - Top 6 cos lose Rs 68,000 cr in m-cap last week - Top 8 cos add Rs 53,000 cr in m-cap last week - Banking sector tops m-cap rankings - Seven of top-10 firms add Rs 81,000 cr in m-cap - Six in top-10 club add Rs 28,000 cr in market cap
The Mukesh Ambani-led RIL made the biggest contribution to the list by contributing Rs 26,281 crore, taking its total market capitalisation (m-cap) to Rs 3,47,799 crore for the week ended November 14. RIL shares surged by 8.17 per cent during the week to close at Rs 2,116.70 on the Bombay Stock Exchange (BSE) on Friday.
The petrochemical conglomerate had a market valuation of Rs 3,21,517.51 crore for the week ended November 7.
The country"s largest private sector company is followed by the state-run oil major ONGC which added Rs 5,197 crore to its m-cap, helping it end the week with a market valuation of Rs 2,53,135.26 crore.
However, the state-run trading behemoth MMTC and private telecom services provider Bharti Airtel together lost Rs 7,615.65 crore from their market value.
MMTC, at the third place, saw its valuation declining by Rs 591.5 crore to Rs 1,80,143 crore, while power producer NTPC saw its m-cap surging by Rs 3,751.68 to Rs 1,77,236 crore.
Mining giant NMDC inched up to fifth place after adding Rs 38,636 crore to its m-cap, while country"s largest public sector lender State Bank of India (SBI) slipped to sixth slot from earlier fifth, even after adding a sum of Rs 5,958.35 crore to its valuation.
At the end of the week, the total m-cap of NMDC stood at Rs 1,72,801 crore and SBI at Rs 1,45,899 crore.
IT bellwether Infosys Technologies added Rs 8,084 crore to its m-cap and leading software services exporter Tata Consultancy Services (TCS) saw its market valuation surged by Rs 9,698 crore.
The m-cap of Infosys Technologies surged to Rs 1,35,234.72 crore and TCS market valuation stood at Rs 1,31,172 crore.
The market valuation of Bharti Airtel dipped by Rs 7,024 crore to Rs 1,14,437 crore and power equipment maker BHEL m-cap surged by Rs 2,423 crore to Rs 1,11,172 crore.
Meanwhile, the benchmark index Sensex gained 4.27 per cent during the past week to settle at 16,848.83 points at the end of Friday"s trade.
In the top-10 club, RIL is followed by ONGC (Rs 2,53,135.26 crore), MMTC (Rs 1,80,142.75 crore), NTPC (Rs 1,77,236.16 crore), NMDC (Rs 1,72,801.45 crore), SBI (Rs 1,45,898.6 crore), Infosys (Rs 1,35,234.72 crore), TCS (Rs 1,31,171.54 crore), Bharti Airtel (Rs 1,14,436.76 crore), and Bhel (Rs 1,11,172.44 crore), in that order.