Stocks

Top nine companies add Rs 64,964 cr in market cap; ITC, TCS shine

PTI New Delhi | Updated on March 12, 2018 Published on May 12, 2013

Up, up and away: Except Coal India Ltd, nine of the top-10 companies on the Sensex saw a rise in their market capitalisation in a strong stock market last week.

The combined market valuation of the top-nine Sensex companies shot up by Rs 64,964 crore last week, with major contributions coming in from giants such as ITC and TCS.

Except Coal India Ltd, nine of the top-10 companies witnessed a rise in their market capitalisation (m-cap), in an overall strong stock market past week.

The market value of FMCG major ITC surged Rs 18,925 crore to Rs 2,80,278 crore, making it the top gainer in the list of top-10 companies.

IT bellwether TCS saw its m-cap spurt by Rs 13,485 crore to Rs 2,91,165 crore, while SBI’s value jumped Rs 8,991 crore to Rs 1,57,731 crore.

The m-cap of HDFC Bank moved up by Rs 5,210 crore to Rs 1,67,155 crore, ICICI Bank added Rs 4,448 crore to Rs 1,34,802 crore.

RIL’s value climbed Rs 3,969 crore to Rs 2,63,214 crore, ONGC’s m-cap went up by Rs 3,636 crore to Rs 2,80,919 crore.

The value of HDFC rose by Rs 3,179 crore to Rs 1,35,117 crore and Infosys’ value zoomed by Rs 3,121 crore to Rs 1,35,643 crore.

In contrast, CIL saw its market cap slide by Rs 9,064 crore to Rs 1,91,764 crore.

In the ranking of top-10 companies, TCS continued to rule the charts, followed by ONGC, ITC, RIL, CIL, HDFC Bank, SBI, Infosys, HDFC and ICICI Bank.

In the stock market, the BSE 30-share benchmark Sensex rose by nearly 3 per cent to end the week at 20,122.32.

Published on May 12, 2013

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