As many as eight firms among the country’s top 10 companies lost Rs 35,020.8 crore from their market capitalisation in the past week,while Reliance Industries (RIL) and NMDC saw their valuations rising significantly.
The country’s most valued firm, RIL, and state-owned NMDC added Rs 6,106.61 crore and Rs 7,314.87 crore, respectively, to their valuations during the week ended August 7. RIL’s market cap rose to Rs 3,14,129 crore at the end of the week.
Among losers, Bharti Airtel suffered the most with its market cap falling by Rs 10,157 crore to Rs 1,45,723 crore during the week. Shares of the company plunged 6.51% last week and closed at Rs 383.80 on the BSE on Friday. State-owned firms ONGC and NTPC lost Rs 5,657.31 crore and Rs 2,762.23 crore, respectively, in their market cap last week. The total market valuation of ONGC stood at Rs 2,43,414 crore, while that of NTPC was Rs 1,75,010 crore on Friday last week.
NMDC jumped to fourth last week from the sixth slot in the previous week after adding Rs 7,315 crore to its market cap, taking its market valuation to Rs 1,49,707 crore. Trading firm MMTC slipped to the sixth slot last week from its earlier fourth position after losing Rs 4,679 crore from its market valuation. Its market cap was Rs 1,44,197 crore on Friday last week.
It bellwether Infosys lost Rs 1,261 crore from its market cap at Rs 1,17,013 crore last week. The valuation of country’s largest lender, SBI, dipped by Rs 4,581 crore to Rs 1,10,587 crore during the week. Power equipment maker BHEL lost Rs 2,372 crore in its valuation, while market cap of TCS declined by Rs 3,552 crore last week.
Besides the top-10 firms, two private sector lenders ICICI Bank and HDFC Bank together lost Rs 6,830 crore from their market valuations. At the end of the week, the total market cap of ICICI bank stood at Rs 82,170 crore and HDFC Bank at Rs 59,418 crore.
In the club of top-10 firms, RIL is followed by ONGC (Rs 2,43,414 crore), NTPC (Rs 1,75,010 crore), NMDC (Rs 1,49,707 crore), Bharti Airtel (Rs 1,45,723 crore), MMTC (Rs 1,44,197 crore), Infosys (Rs 1,17,013 crore), SBI (Rs 1,10,587 crore), BHEL (Rs 1,06,696 crore), and TCS (Rs 99,475 crore) in that order.
The country’s most valued firm, RIL, and state-owned NMDC added Rs 6,106.61 crore and Rs 7,314.87 crore, respectively, to their valuations during the week ended August 7. RIL’s market cap rose to Rs 3,14,129 crore at the end of the week.
Among losers, Bharti Airtel suffered the most with its market cap falling by Rs 10,157 crore to Rs 1,45,723 crore during the week. Shares of the company plunged 6.51% last week and closed at Rs 383.80 on the BSE on Friday. State-owned firms ONGC and NTPC lost Rs 5,657.31 crore and Rs 2,762.23 crore, respectively, in their market cap last week. The total market valuation of ONGC stood at Rs 2,43,414 crore, while that of NTPC was Rs 1,75,010 crore on Friday last week.
NMDC jumped to fourth last week from the sixth slot in the previous week after adding Rs 7,315 crore to its market cap, taking its market valuation to Rs 1,49,707 crore. Trading firm MMTC slipped to the sixth slot last week from its earlier fourth position after losing Rs 4,679 crore from its market valuation. Its market cap was Rs 1,44,197 crore on Friday last week.
It bellwether Infosys lost Rs 1,261 crore from its market cap at Rs 1,17,013 crore last week. The valuation of country’s largest lender, SBI, dipped by Rs 4,581 crore to Rs 1,10,587 crore during the week. Power equipment maker BHEL lost Rs 2,372 crore in its valuation, while market cap of TCS declined by Rs 3,552 crore last week.
Besides the top-10 firms, two private sector lenders ICICI Bank and HDFC Bank together lost Rs 6,830 crore from their market valuations. At the end of the week, the total market cap of ICICI bank stood at Rs 82,170 crore and HDFC Bank at Rs 59,418 crore.
In the club of top-10 firms, RIL is followed by ONGC (Rs 2,43,414 crore), NTPC (Rs 1,75,010 crore), NMDC (Rs 1,49,707 crore), Bharti Airtel (Rs 1,45,723 crore), MMTC (Rs 1,44,197 crore), Infosys (Rs 1,17,013 crore), SBI (Rs 1,10,587 crore), BHEL (Rs 1,06,696 crore), and TCS (Rs 99,475 crore) in that order.
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