Business OpportunitiesTop 10 cos add over Rs 1.42 lakh cr
The country"s top 10 firms added Rs 1,42,000 crore to their market capitalisation last week with country"s most valued firm, Reliance Industries (RIL) crossing Rs 3 lakh crore mark after two weeks.
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The country"s most-valued firm, RIL, added Rs 24,395 crore to its market valuation taking its total market cap to Rs 3,04,292 crore. Shares of RIL surged nearly 9 per cent on the Bombay Stock Exchange (BSE) to end the trade at Rs 1,933.40 on Friday.
RIL had a market valuation of Rs 2,79,897 crore last week.
The coveted club, which comprises of 4 private sector and 6 public companies, added Rs 1,42,320 crore to their market valuation to Rs 16,04,896 crore for week ended July 17.
The total market-cap of the elite club stood at Rs 14,31,433.42 crore in the previous week ended July 11.
State run Oil and Natural Gas Corporation (ONGC) and National Thermal Power Corporation (NTPC) together added Rs 21,567 crore to their market cap.
At the end of the week total market valuation of ONGC stood at Rs 2,22,763 crore and NTPC"s at Rs 1,69,114 crore.
Private sector telecom services provider Bharti Airtel added Rs 8,562 crore to its market cap taking its total valuation to Rs 1,57,071 crore at the end of Friday.
Two other public sector firms, Minerals and Metals Trading Corporation (MMTC) and National Mining Development Corporation (NMDC) together added Rs 52,394 crore to their market valuation.
The market cap of MMTC stood at Rs 1,56,207 crore and NMDC at Rs 1,55,119 crore.
Bharat Heavy Electricals (BHEL) jumped to the seventh position from the ninth slot after adding Rs 11,912 crore to its market valuation while IT bellwether Infosys Technologies slipped to the eighth slot from the seventh even after adding Rs 8,052 crore to its market cap.
The country"s largest public sector lender State Bank of India (SBI) slipped to the ninth slot from eighth even after adding Rs 8,320 crore to its market cap and FMCG conglomerate ITC added Rs 7,119 crore to its market valuation.
Besides the top-10 firms, two private sector lenders, ICICI Bank and HDFC Bank together added Rs 14,733 crore in their market cap at the end of Friday.
The total market valuation of ICICI Bank stood at Rs 82,660 crore and HDFC Bank at Rs 61,170 crore.
RIL has retained its numero uno position in the club of top-10 firms followed by ONGC (Rs 2,22,763 crore), NTPC (Rs 1,69,114 crore), Bharti Airtel (Rs 1,57,071 crore), MMTC (Rs 1,56,207 crore), NMDC (Rs 1,55,119 crore), Bhel (Rs 1,09,065 crore), Infosys (Rs 1,06,990 crore), SBI (Rs 1,06,320 crore), and ITC (Rs 86,811 crore).