Monday, May 25, 2009

Top 10 companies add Rs 2.52 lakh crore last week

The country's top 10 firms added Rs 2,52,000 crore to their market capitalisation last week, while the country's largest private sector lender ICICI Bank entered the elite club after a hiatus of more than seven months.

Private sector lender ICICI Bank grabbed the tenth place in the league after adding Rs 7,979 crore during the last week taking its total market valuation to Rs 78,240 crore, with the bank's scrip surging 22.34 per cent last week on BSE.

ICICI Bank rejoins the coveted club after a period of over seven months as in September, 2008 the lender had dropped out of the top ten list.

The top 10 elite club, which includes six public sector companies and four private sector players, added Rs 2,52,016 crore to their market valuation during the last week taking its total market cap to Rs 15,38,528 crore.

The club had a market cap of Rs 12,86,511 crore in the previous week.

The country's most valued firm, Reliance Industries, added Rs 36,961 crore in its market valuation during the last week taking its total market cap to Rs 3,43,576 crore at the end of Friday's trade.
The company had a market valuation of Rs 3,06,616 crore in the previous week.

Two state-run firms, Oil and Natural Gas Corporation (ONGC) and NTPC, together added Rs 73,402 crore, respectively.

At the end of Friday's trade, the market cap of ONGC stood at Rs 2,23,576 crore and NTPC at Rs 1,78,391 crore.

The club saw a rejig with trading firm MMTC notching fifth position from the earlier seventh, while IT bellwether Infosys Technologies slipped to ninth position from fifth.

During the last week MMTC added Rs 54,860 crore to its market cap taking its total valuation to Rs 1,38,822 crore, while Infosys Technologies lost Rs 4,290 crore from its market cap to Rs 87,034 crore.

Trading firm NMDC added Rs 32,015 crore to its market cap and power equipment maker BHEL added Rs 13,440 crore to its market valuation during the last week.

SBI jumped to seventh place by adding Rs 26,630 crore during last week,taking total market cap to Rs 1,09,942 crore.

Last week, the country's top 10 firms witnessed an over Rs 2.27 lakh crore addition to their market valuation in a single trade on Monday, with Reliance Industries contributing the most to the club's kitty. That day BSE benchmark Sensex had recorded its historic single day gain of over 2,000 points.

The 30-share BSE Sensex zoomed 2,111 points to 14,284.21 and hit upper circuit and trade was halted for entire day.

RIL, is followed by ONGC (Rs 2,23,576 crore), NTPC (Rs 1,78,391 crore), Bharti Airtel (Rs 1,62,847 crore), MMTC (Rs 1,38,822 crore), NMDC (Rs 1,19,080 crore), SBI (Rs 1,09,942 crore), Bhel (Rs 97,020 crore), Infosys (Rs 87,034 crore) and ICICI Bank ( Rs 78,240 crore).

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