Stocks

Nine of top 10 cos add over Rs 36K cr in m-cap last week

PTI Mumbai | Updated on June 26, 2011

The combined market capitalisation (m-cap) of nine of the top 10 companies grew by Rs 36,083.93 crore during the last week, with state-run oil & gas major ONGC emerging as the top gainer. ONGC’s valuation rose the most by Rs 6,587.72 crore to Rs 2,33,393.49 crore in the past week.

Shares of the company grew by 2.9 per cent to end the week at Rs 272.80. The company is likely to file papers for Rs 11,500-crore share sale after the government verdict on its dispute with Cairn India.

Reliance Industries, the country’s most valued company and the biggest private sector entity in terms of profits and revenue, added Rs 654.76 crore to its m-cap which stood at Rs 2,84,952.42 crore at close on Friday last week.

IT bellwethers TCS and Infosys Technologies together added Rs 10,639.35 crore to their valuations. The m-cap of TCS stood at Rs 2,22,377.06 crore, while that of Infosys was at Rs 1,64,324.61 crore.

FMCG giant ITC saw its valuation surging by Rs 2,476.19 crore to Rs 1,50,931.64 crore, while power producer NTPC’s m-cap advanced by Rs 2,762.23 crore to Rs 1,50,108.6 crore during the week.

Telecom player Bharti Airtel added Rs 4,177.28 crore to its m-cap which stood at Rs 1,48,615.95 crore.

Top lenders SBI and ICICI Bank together added Rs 8,786.4 crore to their valuations. The m-cap of SBI stood at Rs 1,45,295.24 crore, while that of ICICI was at Rs 1,22,717.87 crore.

Maharatna PSU Coal India was the sole loser among the 10 largest companies in terms of market valuation. Its m-cap dropped by Rs 2,842.36 crore to Rs 2,46,085.39 crore.

During the week, the BSE benchmark index Sensex climbed over 370 points, or 2 per cent, to end at 18,240.68.

Published on June 26, 2011

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