Six of top 10 cos add Rs 24k cr in m-cap; Airtel biggest gainer
Mumbai: Six out of the top 10 companies added over Rs 24,000 crore to their market capitalisation last week with telecom giant Bharti Airtel alone contributing one-third of the gain.
However, the country`s most valued firm Reliance Industries saw its market capitalisation dipping by over Rs 6,000 crore. On Friday, the valuation of the Mukesh Ambani-led conglomerate stood at Rs 3,51,319 crore. During the week, RIL shares lost nearly two percent to close at Rs 1,068.95 on the BSE on Friday.
Mobile operator Bharti Airtel emerged as the biggest gainer during the week adding Rs 8,163 crore to its m-cap.
In the elite top 10 club, Bharti Airtel stood at the ninth spot at the end of the trade on Friday when its valuation stood at Rs 1,25,808 crore. The week has been one of the best for the Bharti counter after being battered for more than two months on the markets.
State-owned ONGC, the second most valued firm in the premier club, gained Rs 1,900 crore during the week to take its market valuation to Rs 2,54,504 crore.
Other major gainers include NMDC, Infosys Technologies, TCS and BHEL, which together added Rs 14,538 crore to their market valuation for the week ended December 12.
Mining firm NMDC and IT bellwether Infosys remained at the fifth and seventh spots with market capitalisation of Rs 1,65,705 crore and 140,736 crore, respectively.
TCS and BHEL occupied the 8th and 10th positions,
respectively with a market capitalisation of Rs 1,37,816.24
crore and Rs 1,15,722.53 crore.
However, the club of top 10 companies saw as many as four
entities-- RIL, NTPC, MMTC and SBI--losing a combined Rs
12,355 crore from their valuation during the week.
NTPC, the country`s second most valued PSU after ONGC,
lost about Rs 500 crore from its valuation to Rs 1,72,371
crore. Also, SBI and NTPC lost Rs 3,930 crore and Rs 1,324
crore respectively from their market capitalisation during the
The following is the ranking of the top 10 club: RIL, the
numero-uno in the list is followed by ONGC (Rs2,54,504 crore),
NTPC (Rs 1,72,371 crore), MMTC (Rs 1,68,947 crore), NMDC (Rs
1,65,705 crore), SBI (Rs 1,43,848 crore), Infosys (Rs 1,40,736
crore), TCS (Rs 1,37,816 crore), Airtel (Rs 1,25,808 crore),
and BHEL (Rs 1,15,723 crore).
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