Saturday, May 12, 2018

Nine of top 10 most valued firms add Rs 65,129 crore to m-cap

Nine of the top-10 most valued Indian companies together added Rs 65,128.77 crore in market capitalisation (m-cap) last week, with RIL recording the maximum surge in its valuation. 

Tata Consultancy Services (TCSNSE 0.17 %) was the only one to see erosion from its m-cap, while the rest nine companies, including HDFCNSE 1.35 % Bank, ITC, Hindustan Unilever Ltd (HUL) and HDFC registered gains. 

Over the last week, the m-cap of Reliance IndustriesNSE 0.83 % Ltd (RIL) soared Rs 21,920.73 crore to Rs 6,26,261.50 crore. 

ONGC's valuation jumped Rs 8,983.26 crore to Rs 2,40,366.49 crore and that of HUL advanced by Rs 8,939.5 crore to Rs 3,26,042.97 crore. 

The m-cap of ITC soared Rs 7,810.75 crore to Rs 3,46,479.93 crore and that of Kotak Mahindra Bank surged Rs 6,460.57 crore to Rs 2,41,166.28 crore. 

HDFC Bank's market capitalisation advanced by Rs 5,921.1 crore to Rs 5,22,160.91 crore and Maruti SuzukiNSE 0.52 % India added Rs 1,789.83 crore to Rs 2,63,966.62 crore 
he m-cap of InfosysNSE 1.09 % went up by Rs 1,769.14 crore to Rs 2,57,945.41 crore and that of HDFC rose by Rs 1,533.89 crore to Rs 3,22,065.11 crore. 

On the other hand, TCS' valuation slumped Rs 3,876.44 crore to Rs 6,62,458.36 crore. 

In the ranking of top-10 firms, TCS stood at number one position followed by RIL, HDFC Bank, ITC, HUL, HDFC, Maruti, Infosys, Kotak Mahindra Bank and Oil and Natural Gas Corporation (ONGC). 

Over the last week, the Sensex gained 620.41 points, or 1.78 per cent, to settle at 35,535.79. 


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