Buoyed by a rally in the market capitalisation of state-run ONGC, the combined valuation of eight of the top-10 Indian companies advanced by Rs 44,239 crore last week.
TCS, ONGC, ITC, CIL, Infosys, HDFC Bank, HDFC and ICICI Bank saw a rise in their m-cap in the week gone by, where the BSE benchmark Sensex also rose by 0.53 per cent to 18,835.77.
The market cap of ONGC spurted Rs 13,432 crore to Rs 2,66,546 crore. During this period, shares of the company also jumped 5.3 per cent to Rs 311.55.
Coal India added Rs 7,390 crore to Rs 1,95,270 crore in its m-cap, while HDFC Bank saw a gain of Rs 6,076 crore to Rs 1,49,771 crore.
TCS’ value soared Rs 6,038 crore to Rs 3,07,635 crore, while the m-cap of HDFC climbed Rs 4,582 crore to Rs 1,27,164 crore.
The market worth of ITC jumped Rs 3,077 crore to Rs 2,43,866 crore, while ICICI Bank’s value moved up by Rs 1,961 crore to Rs 1,20,600 crore and Infosys’ by Rs 1,683 crore to Rs 1,65,948 crore.
In contrast, RIL’s m-cap plunged Rs 12,004 crore to Rs 2,50,332 crore. Shares of the company had also tanked 4.57 per cent to Rs 773.70 last week.
SBI lost Rs 749 crore to Rs 1,39,090 crore from its value.
In the ranking of top-10 companies, TCS was at number one position, followed by ONGC, RIL, ITC, CIL, Infosys, HDFC Bank, SBI, HDFC and ICICI Bank.
Market capitalisation of a listed company corresponds to the cumulative market price of all its shares. This figure changes daily with the change in the stock price.