Top six cos add Rs 33,638 cr in market cap; CIL, ITC shine
Mumbai: In an overall flat stock market last week, the combined market valuation of top six Indian companies rose by Rs 33,638 crore, with Coal India and ITC emerging as top gainers.
While six of them, including TCS, ONGC, CIL and ITC saw gains in their market capitalisation (m-cap), the valuations of HDFC Bank, SBI, HDFC and ICICI Bank plunged.
The m-cap of CIL soared by Rs 9,222 crore to Rs 2,05,250 crore. Shares of the state-run company also rose by nearly 5 percent to Rs 324.95 during last week.
FMCG major ITC saw a surge of Rs 7,783 crore to Rs 2,68,543 crore in its m-cap. TCS added Rs 5,793 crore to Rs 2,93,504 crore in its value.
RIL's market cap shot-up by Rs 5,728 crore to Rs 2,60,722 crore, the value of Infosys climbed Rs 3,486 crore to Rs 1,38,253 crore and ONGC saw a rise of Rs 1,626 crore to Rs 2,79,636 crore in its valuation.
In contrast, the value of SBI plunged Rs 7,076 crore to Rs 1,40,069 crore, while ICICI Bank lost Rs 5,734 crore to Rs 1,33,187 crore from its m-cap.
Mortage lender HDFC's market worth slipped Rs 2,670 crore to Rs 1,37,385 crore, while HDFC Bank shed Rs 274 crore to Rs 1,66,679 crore.
In the ranking of top-10 most valued companies, TCS was at the top place, followed by ONGC, ITC, RIL, CIL, HDFC Bank, SBI, Infosys, HDFC and ICICI Bank.
In the stock market, the BSE benchmark Sensex ended the week 56 points, or 0.28 percent higher at 19,760.30.