Comments
Six of the 10 most-valued Indian companies suffered a combined erosion of ₹89,531.31 crore from their market valuation last week, with Tata Consultancy Services (TCS) alone accounting for over ₹34,000 crore.
Reliance Industries (RIL), HUL, Infosys, Kotak Mahindra Bank and Maruti Suzuki were also among the losers, while HDFC Bank, ITC, HDFC and State Bank of India (SBI) finished the week ended Friday with gains.
The market capitalisation (m-cap) of TCS slumped ₹34,521.94 crore to ₹7,11,921.19 crore and that of Infosys plunged ₹26,143.34 crore to ₹2,82,105.44 crore.
Valuation of Hindustan Unilever Ltd (HUL) dived ₹ 11,515.94 crore to ₹ 3,90,416.08 crore and RIL tanked ₹ 8,493.67 crore to ₹ 6,96,195.94 crore.
Also, Kotak Mahindra Bank’s m-cap declined ₹ 5,311.51 crore to ₹2,34,087.97 crore, while Maruti Suzuki stood at ₹2,27,670.19 crore with a loss of ₹ 3,544.91 crore.
On the other hand, HDFC added ₹7,823.28 crore to its m-cap to reach ₹3,35,165.94 crore and HDFC Bank soared ₹ 4,825.33 crore to ₹5,74,009.79 crore.
SBI went up by ₹2,231.15 crore to reach ₹2,60,285.60 crore and ITC’s valuation stood at ₹3,38,575.91 crore with a gain of ₹1,040.83 crore.
In the ranking of top-10 firms in terms of m-cap, TCS stood at the number one position, followed by RIL, HDFC Bank, HUL, ITC, HDFC, Infosys, SBI, Kotak Mahindra Bank and Maruti Suzuki.
Over the last week, the Sensex declined 220.86 points to end at 35,742.07.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.