Five Of 10 Most Valued Firms Lose Rs 57,333 Crore In Market Valuation
The combined market valuation of five of the 10 most valued Indian companies dropped by Rs 57,333.55 crore last week, with RIL taking the steepest hit.
While Reliance Industries Ltd., ITC Ltd., Housing Development Finance Corporation Ltd., Maruti Suzuki India Ltd. and Oil and Natural Gas Corporation Ltd. suffered losses in their market capitalisation for the week ended Friday, Tata Consultancy Services ltd., HDFC Bank Ltd., Hindustan Unilever Ltd., Infosys Ltd. and Kotak Mahindra Bank Ltd. made gains on the other hand.
Valuations Nosedive
- The market cap of RIL tumbled Rs 34,908.45 crore to Rs 5,91,353.05 crore.
- The valuation of HDFC slumped Rs 10,582.42 crore to Rs 3,11,482.69 crore
- Maruti's market cap dived Rs 6,819.46 crore to Rs 2,57,147.16 crore.
- ONGC lost Rs 2,887.47 crore to Rs 2,37,479.02 crore.
- ITC shed Rs 2,135.75 crore to Rs 3,44,344.18 crore from its m-cap.
Valuations Jump
- HUL's valuation jumped Rs 21,169.09 crore to Rs 3,47,212.06 crore. HUL on Friday went past ITC in market valuation to become the most valued FMCG firm.
- TCS added Rs 7,992.15 crore to Rs 6,70,450.51 crore.
- Kotak Mahindra Bank's market cap rises Rs 5,488.64 crore to Rs 2,46,654.92 crore.
- The market cap of Infosys went up by Rs 600.63 crore to Rs 2,58,546.04 crore.
- HDFC Bank's market value rose by Rs 584.32 crore to Rs 5,22,745.23 crore.
In the ranking of top-10 firms, TCS stood at number one position followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, Maruti, Kotak Mahindra Bank and ONGC.
Over the last week, the Sensex lost 687.49 points, or 1.93 percent.
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