Five of 10 most valued cos lose Rs 57,333 cr 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 Reliance Industries Ltd (RIL) taking the steepest hit
The combined market valuation of five of the 10 most valued Indian companies dropped by Rs 57,333.55 crore last week, with Reliance Industries Ltd (RIL) taking the steepest hit. While RIL, ITC, HDFC, Maruti Suzuki India and ONGC suffered losses in their market capitalisation (m-cap) for the week ended Friday, Tata Consultancy Services (TCS), HDFC Bank, Hindustan Unilever Ltd (HUL), Infosys and Kotak Mahindra Bank made gains on the other hand.
The m-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 and that of Maruti 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 and ITC shed Rs 2,135.75 crore to Rs 3,44,344.18 crore from its m-cap.
On the other hand, 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 and Kotak Mahindra Bank Rs 5,488.64 crore to Rs 2,46,654.92 crore. The m-cap of Infosys went up by Rs 600.63 crore to Rs 2,58,546.04 crore and that of HDFC Bank 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 per cent.