The combined market capitalisation (m-cap) of nine of the top 10 most valued companies advanced by Rs 29,776 crore last week, with TCS as the top gainer.
Only Bharti Airtel posted decline. The telecom major suffered Rs 14,697 crore erosion in value, which stood at Rs 1,32,875 crore on Friday.
The company had registered 22 per cent fall in consolidated net profit for the October-December quarter at Rs 1,011 crore due to higher interest outgo and costs related to 3G network roll-out. It extended decline in profits for the eighth quarter in a row. Bharti’s scrip plunged nearly 10 per cent last week.
The market cap of TCS advanced by Rs 12,213 crore to Rs 2,40,845 crore. Energy major RIL’s market worth rose Rs 1,446 crore to Rs 2,75,763 crore, while state-owned ONGC added Rs 685 crore to its m-cap which stood at Rs 2,40,794 crore on Friday.
Coal India’s m-cap saw a surge of Rs 3,411 crore to Rs 2,09,450 crore; Infosys added Rs 157 crore to its value which stood at Rs 1,59,787 crore; ITC’s worth jumped Rs 2,149 crore to Rs 1,58,500 crore and NTPC’s valuation accelerated by Rs 2,927 crore to Rs 1,48,294 crore.
Further, SBI’s market cap went up by Rs 4,407 crore to Rs 1,37,953 crore and HDFC Bank saw a gain of Rs 2,381 crore to Rs 1,20,812 crore.
The BSE 30-scrip index, Sensex, rose 0.81 per cent to end the week at 17,748.69.