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Top four companies add Rs 38,703 crore to market valuation
Four of the top 10 most valued Indian companies together added Rs 38,703 crore to their market valuation last week, with CIL emerging as the biggest gainer.
New Delhi: Four of the top 10 most valued Indian companies together added Rs 38,703 crore to their market valuation last week, with CIL emerging as the biggest gainer.
While TCS, Infosys, Coal India Ltd (CIL) and HUL saw rise in their market valuation for the week ended Friday, RIL, HDFC Bank, ITC, HDFC, ONGC and Sun Pharma on the other hand suffered losses.
The cumulative losses of these six firms stood at Rs 34,472 crore, which was lower than the combined gain made by four firms.
The market capitalisation (mcap) of CIL zoomed Rs 17,433.17 crore to Rs 1,95,144.08 crore, the most among the top-10 firms.
TCS's valuation jumped Rs 11,586.11 crore to Rs 5,18,390.03 crore and that of HUL went up by Rs 5,078.01 crore to Rs 1,91,512 crore.
The mcap of Infosys rose by Rs 4,605.38 crore to Rs 2,90,896.56 crore.
On the other hand, Sun Pharma was the worst hit as its valuation skidded by Rs 20,998.41 crore to Rs 1,77,674.19 crore.
RIL's valuation dipped by Rs 4,653.62 crore to Rs 3,10,609.98 crore and that of ITC slipped Rs 3,902.9 crore to Rs 2,85,353.96 crore.
The m-cap of HDFC Bank went down by Rs 3,563.2 crore to Rs 2,96,745.40 crore and ONGC lost Rs 1,069.43 crore to Rs 1,81,290.84 crore.
HDFC's valuation too fell by Rs 284.47 crore to Rs 1,98,419.21 crore.
In the ranking of top-10 firms, TCS stood at number one position followed by RIL, HDFC Bank, Infosys, ITC, HDFC, CIL, HUL, ONGC and Sun Pharma.
Over the past week, the BSE benchmark Sensex rose by 189.43 points to settle at 26,843.03.