10 top cos in India lose Rs 26 billion last week
Monday, 18 May 2009
MUMBAI, May 17: The country's 10 most valued firms lost over Rs 26 billion in their market capitalisation last week, with state-run oil firm Oil and Natural Gas Corporation being the biggest loser in the coveted list, according to Business Standard.
During the last week, ONGC's market-cap came down by Rs 149.61 billion, taking its total valuation to Rs 1738.79 billion at the end of the week. The firm's shares fell nearly eight per cent on the Bombay Stock Exchange till the end of Friday's trade. The oil behemoth had a market valuation of Rs 1888.41 billion in the previous week.
The 10 most valued firms lost Rs 26.46 billion in their valuation past week, taking the total market-cap of the elite club to Rs 12865.11 billion at the end of trade Friday.
Last week, valuation of the club, comprising four private and six public sector entities, was at Rs 12891.57 billion.
Corporate behemoth Reliance Industries has maintained its position as the most valued company in th elite list and added Rs 80.66 billion to its market-cap, taking its valuation to Rs 3066.16 billion. The valuation of the Mukesh Ambani-led firm was at Rs 2985.50 billion a week ago.
However, amid mixed broader market, six firms - ONGC, SBI, NTPC, NMDC, MMTC and ITC - lost a combined Rs 201.72 billion in the week.
Meanwhile: Stock market analysts have maintained buy rating on Bombay Dyeing & Manufacturing Company with a target price of Rs 300 within the next three months.
According to analysts, investors can buy the stock between Rs 200-210 with a stop loss of Rs 169.
Shares of the company, Friday closed at Rs 235.50 on the Bombay Stock Exchange (BSE). The total volume of the shares traded was 1,665,657. The share price has seen a 52-week high of Rs 1033 and a low of Rs 110 on BSE.
Analysts also said that the stock looks good, and it will achieve the said target on the back of its healthy growth plans and well-built operating capabilities.
Bombay Dyeing has become the value chain in terms for bedsheets for all income groups because of constant improvements done by it.
During the last week, ONGC's market-cap came down by Rs 149.61 billion, taking its total valuation to Rs 1738.79 billion at the end of the week. The firm's shares fell nearly eight per cent on the Bombay Stock Exchange till the end of Friday's trade. The oil behemoth had a market valuation of Rs 1888.41 billion in the previous week.
The 10 most valued firms lost Rs 26.46 billion in their valuation past week, taking the total market-cap of the elite club to Rs 12865.11 billion at the end of trade Friday.
Last week, valuation of the club, comprising four private and six public sector entities, was at Rs 12891.57 billion.
Corporate behemoth Reliance Industries has maintained its position as the most valued company in th elite list and added Rs 80.66 billion to its market-cap, taking its valuation to Rs 3066.16 billion. The valuation of the Mukesh Ambani-led firm was at Rs 2985.50 billion a week ago.
However, amid mixed broader market, six firms - ONGC, SBI, NTPC, NMDC, MMTC and ITC - lost a combined Rs 201.72 billion in the week.
Meanwhile: Stock market analysts have maintained buy rating on Bombay Dyeing & Manufacturing Company with a target price of Rs 300 within the next three months.
According to analysts, investors can buy the stock between Rs 200-210 with a stop loss of Rs 169.
Shares of the company, Friday closed at Rs 235.50 on the Bombay Stock Exchange (BSE). The total volume of the shares traded was 1,665,657. The share price has seen a 52-week high of Rs 1033 and a low of Rs 110 on BSE.
Analysts also said that the stock looks good, and it will achieve the said target on the back of its healthy growth plans and well-built operating capabilities.
Bombay Dyeing has become the value chain in terms for bedsheets for all income groups because of constant improvements done by it.