Comments
Led by a smart surge in market value of SBI, the combined market capitalisation (m-cap) of five of the ten most valued companies increased by Rs 35,878 crore in the last week amid a rally in the broader market.
SBI saw its market worth advancing by Rs 15,510 crore to Rs 1,53,463 crore as on Friday. Shares of the company also soared by over 11 per cent after it reported 16.3 per cent increase in consolidated net profit at Rs 4,318.08 crore for the third quarter last week.
However, Reliance Industries, ONGC, TCS, Coal India and Bharti Airtel saw erosion in their respective market value in the last week.
Among gainers, IT major Infosys added Rs 9,642 crore in value which stood at Rs 1,69,429 crore at close on Friday last week.
Similarly, NTPC’s value jumped Rs 6,432 crore to Rs 1,54,726 crore, while HDFC Bank added Rs 2,656 crore to its value which stood at Rs 1,23,468 crore. ITC’s worth surged by Rs 1,638 crore to Rs 1,60,138 crore last week.
The m-cap of RIL dropped by Rs 7,940 crore to Rs 2,67,823 crore. ONGC saw a dip of Rs 129 crore in its value which stood at Rs 2,40,665 crore.
TCS lost Rs 362 crore from its market valuation which was at Rs 2,40,483 crore at close on Friday, while Coal India saw an erosion of Rs 4,263 crore from its m-cap which stood at Rs 2,05,187 crore.
Bharti’s m-cap declined by Rs 133 crore to Rs 1,32,742 crore.
The BSE barometer Sensex gained nearly 541 points, or 3 per cent, to end the week at over six-month high of 18,289.35 points.
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.