Top eight cos add over Rs 40K cr in m-cap; CIL biggest gainer
Mumbai: Helped by a spurt in the market value of Coal India, the combined market capitalisation (m-cap) of eight of top 10 most valued companies rose by Rs 40,012 crore last week.
State-owned Coal India's m-cap rose by Rs 15,664 crore to Rs 2,28,999 crore on Friday. Shares of the company also gained 7.34 percent to close at Rs 362.55 during the week.
After CIL, FMCG major ITC was the second biggest gainer in the list as its m-cap jumped by Rs 7,114 crore to Rs 1,91,785 crore.
The m-cap of HDFC Bank surged Rs 4,887 crore to Rs 1,29,158?crore, while ONGC added Rs 4,535 crore to end the week with a m-cap of Rs 2,27,704 crore.
IT majors TCS and Infosys together added Rs 4,055 crore to their investor wealth. The m-cap of TCS stood at Rs 2,13,219 crore, while that of Infosys stood at Rs 1,38,174 crore.
The market capitalisation of SBI rose Rs 3,112 crore to Rs 1,43,538 crore and Bharti Airtel gained Rs 645 crore to its m-cap which stood at Rs 1,23,096 crore at the end of last week.
In contrast, RIL and NTPC saw erosion in their market value. RIL lost Rs 6,484 crore to end the week with a m-cap of Rs 2,39,516 crore, while NTPC shed Rs 742 crore to finish the week with a market value of Rs 1,36,462?crore.
Last week on Friday, RIL posted a 21 percent decline in net profit at Rs 4,236 crore for the fourth quarter ended March 31, 2012.
RIL continues to remain the country's biggest company in terms of market value followed by CIL, ONGC, TCS, ITC, SBI, Infosys, NTPC, HDFC Bank and Bharti.
During the week, the BSE benchmark index Sensex rose 1.63 percent to 17,373.84.
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