Business OpportunitiesEight of top-10 cos add Rs 22,000 cr in m-cap
Eight out of top-10 firms managed to add over Rs 22,000 crore to their market capitalisation (m-cap) in the holiday-truncated past week, with NTPC contributing a major chunk to the kitty.
- Top-10 cos add Rs 70,000 cr in m-cap - Seven of top-10 firms lose Rs 46,000 cr in m-cap - Indian ADRs add $5.33 bn in a week - Nine of top-10 firms add Rs 49,000 cr in m-cap - Top 10 firms lose Rs 40,000 cr last week - Five of top-10 cos lose Rs 24k cr; RIL on top slot
State-run NTPC was the biggest gainer at Rs 4,782.36 crore addition, taking its total market valuation to Rs 1,94,345.49 crore.
The country"s most valued firm Reliance Industries (RIL), which is the numero uno on the list, added Rs 4,666.95 crore to its m-cap taking its total valuation to Rs 3,58,040.03 crore.
Meanwhile, two state-run companies -- ONGC and MMTC -- together lost Rs 6,640 crore.
ONGC, the second-largest oil producer after RIL, lost Rs 4,309.82 crore from its valuation taking its m-cap to Rs 2,51,862.64 crore.
Trading firm MMTC, at the fourth spot in the list of 10 companies, saw its valuation dip by Rs 2,330.25 crore to Rs 1,72,236.5 crore, while the country"s largest iron ore producer NMDC, at the fifth spot, added Rs 3,389.82 crore to its m-cap at Rs 1,67,587.87 crore.
The market traded only for three days last week, with December 28, January 1 being holidays on account of Muharram and the New Year Day, respectively.
IT firms Infosys Technologies and TCS together added Rs 1,119.94 crore to their market valuations.
Infosys Technologies is at the sixth position in the list at Rs 1,49,421.51 crore and TCS is valued at Rs 1,46,741 crore.
The country"s largest public sector lender SBI, which is at the eighth position in the list of top-10 firms by market valuation, added Rs 3,260.11 crore taking its total valuation to Rs 1,44,082.84 crore.
Private telecom services provider Bharti Airtel, at the ninth position, added Rs 2,999.59 crore to its m-cap and power equipment maker BHEL-- at the tenth spot-- saw its valuation surge by Rs 1,811.23 crore.
Bharti Airtel"s total valuation stood at Rs 1,24,844.04 crore and that of BHEL at Rs 1,17,783.41 crore.
Meanwhile, the 30-share index Sensex during the past week surged nearly 1 per cent or 104.2 points to close at 17,464.81 points on the BSE.