Business OpportunitiesTop-10 cos add Rs 39,000 cr to market cap
The country"s top-10 firms added over Rs 39,000 crore to their market capitalisation last week, with Oil and Natural Gas Corporation (ONGC) gaining the most.
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The market valuation of ONGC swelled by Rs 18,116 crore, taking its total market cap to Rs 2,40,880 crore in the week ended July 25. Shares of ONGC soared 8.13 per cent to close at Rs 1,126.20 at the end of Friday"s trade on the BSE.
The total market cap of ONGC stood at Rs 2,22,763 crore during the week ended July 17, 2009.
The coveted club, which comprises of four private sector and six public sector companies, added Rs 39,401 crore to their market valuation at Rs 16,13,155 crore for the week ended July 25.
The total market-cap of the elite club stood at Rs 15,73,754 crore in the previous week ended July 17.
The country"s most-valued firm, Reliance Industries (RIL), added Rs 12,646 crore to its market valuation, taking its total market cap to Rs 3,16,938 crore.
RIL had a market valuation of Rs 3,04,292 crore last week.
State-run National Thermal Power Corporation (NTPC) and private sector telecom services provider Bharti Airtel, together added Rs 5,429 crore to their market cap.
At the end of the week, the market valuation of NTPC stood at Rs 1,73,856 crore and Bharti Airtel at Rs 1,57,759 crore.
Meanwhile, state-run Mines and Minerals Trading Corporation (MMTC) and National Mining Development Corporation (NMDC) together lost Rs 12,399.93 crore from their market cap.
MMTC"s total market valuation stood at Rs 1,52,688 crore and NMDC"s at Rs 1,46,238 crore at the end of the week.
IT bellwether Infosys Technologies jumped to seventh position from eight in the coveted club after adding Rs 7,814 crore to its market cap, while Bharat Heavy Electricals (BHEL) slipped to eight slot from seventh after losing Rs 1,214 crore from its market valuation.
The country"s largest public sector lender, State Bank of India (SBI), added Rs 1,514 crore to its market valuation and IT firm Tata Consultancy Services, which made an entry in the club during the week, added Rs 7,496 crore to its market cap.
Besides the top-10 firms, two major private sector lenders ICICI Bank and HDFC Bank together added Rs 3,418 crore to their market valuations.
At the end of the week, the market valuation of ICICI Bank stood at Rs 85,376 crore and HDFC Bank at Rs 61,871 crore.
In the club of top-10 firms, RIL is followed by ONGC (Rs 2,40,879 crore), NTPC (Rs 1,73,855 crore), Bharti Airtel (Rs 1,57,759 crore), MMTC (Rs 1,52,688 crore), NMDC (Rs 1,46,238 crore), Infosys (Rs 1,14,804 crore), BHEL (Rs 1,07,851 crore), SBI (Rs 1,07,834 crore), and TCS ( Rs 94,308 crore).