Business OpportunitiesTop 6 cos lose Rs 68,000 cr in m-cap last week
Of the top-10 most valued firms, six lost a combined sum of over Rs 68,000 crore from their market capitalisation last week, while the rest including the country"s most valued firm Reliance Industries (RIL) and oil major ONGC saw rise in their valuation.
- 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 - Investor wealth swells by Rs 77,000 cr - Top-10 cos add Rs 39,000 cr to market cap
The four firms RIL, ONGC, NTPC and BHEL together added Rs 18,793.49 crore to their market capitalisation for the week ended Oct 10.
The numero uno in the list, Mukesh Ambani led-Reliance Industries added Rs 6,469.51 crore to its market cap taking the total valuation to Rs 3,48,070.12 crore.
Last week, investors" favourite Reliance Industries announced issue of bonus shares after a 12 year-hiatus, the company recommended an issue of one bonus share for every share held by shareholders.
The board also approved a dividend of Rs 13 per fully paid-up equity share of Rs 10 to the shareholders.
RIL"s market valuation for the week ended October 1 stood at Rs 3,41,600.61 crore.
While, ONGC, the second-highest gainer saw its market valuation swell by Rs 4,545.1 crore to Rs 2,57,348.84 crore.
Trading firm MMTC lost Rs 1,490 crore while state power utility firm NTPC added Rs 1,278.05 crore to their market cap. MMTC"s total market valuation was Rs 1,78,332.5 crore and that of NTPC"s at Rs 1,74,721.3 crore.
The country"s largest iron ore producer, NMDC, inched up to the fifth slot from sixth even after losing Rs 4,202.58 crore and public sector lender, SBI moved up to sixth place from seventh with an erosion of Rs 6,025.01 crore from its market cap.
NMDC saw its market cap dip to Rs 1,36,722.68 crore and SBI saw its market valuation at Rs 1,34,277.12 crore.
Private telecom services provider Bharti Airtel slipped to the seventh slot from fifth after suffering a loss of Rs 38,234.18 crore making it the biggest loser among the list, taking its total market cap to Rs 1,27,061.25 crore.
During the week, the scrip plunged 14.21 per cent to settle at Rs 343.15 at the end of Friday"s trade on the BSE.
Power equipment maker BHEL hopped to ninth slot after adding Rs 6,500.83 crore while, leading outsourcing firm TCS slipped to tenth position after losing Rs 11,527.9 crore from their market cap.
BHEL saw its valuation surged to Rs 1,21,535.58 crore while TCS market dipped to Rs 1,12,157.35 crore.
In the top-10 club, RIL is followed by ONGC (Rs 2,57,348.84 crore), MMTC (Rs 1,78,332.5 crore), NTPC (Rs 1,74,721.3 crore), NMDC (Rs 1,36,722.68 crore), SBI (Rs 1,34,277.12 crore), Bharti Airtel (Rs 1,27,061.25 crore), Infosys (Rs 1,26,775.39 crore), BHEL (Rs 1,21,535.58 crore) and TCS (Rs 1,12,157.35 crore), in that order.