Eight of top-10 cos shed Rs 400b in m-cap, RIL loses most
Monday, 19 April 2010
MUMBAI, Apr 18 (PTI): In a truncated trading week, eight out of the 10 most valued firms lost nearly Rs 400 billion from their market capitalisation, with Reliance Industries losing the most.
Mukesh Ambani-led Reliance Industries, the numero-uno firm in the list, which will come out with its yearly figures for the last fiscal on April 23, saw its valuation falling by Rs 132.94 billion, reducing its total market capitalisation (m-cap) to Rs 3542.79 billion for the week ended April 17.
The BSE benchmark index Sensex fell in all the trading sessions to close the week below the 17,600-level. The Sensex shed 48 points, or 0.27 per cent, in Friday's trading session before settling at 17,591.18 points.
Meanwhile, two IT firms, TCS and Infosys Technologies, were able to buck the trend and added Rs 105.21 billion to their market capitalisation.
State-run oil firm ONGC, the second most valued company by m-cap, and power utility NTPC saw their combined valuation decline by Rs 10.31 billion.
ONGC's market valuation fell to Rs 220614 billion and NPTC saw its m-cap reduced to Rs 1712.75 billion.
IT bellwether Infosys Technologies, which came out with its yearly performance earlier in the week and gave an impressive revenue growth projection of 16-18 per cent for the current fiscal, jumped to 4th position from 6th in the list of top-10 firms after adding Rs 61.37 billion to its m-cap.
For the quarter ended March 31, 2010, Infosys posted a net profit of Rs 16 billion.
Top outsourcing firm TCS, at 5th place, witnessed a surge of Rs 43.84 billion in its m-cap, taking its total valuation to Rs 1595.02 billion.
Trading firm MMTC, which slipped to 6th place from 4th after losing Rs 29.26 billion from its m-cap, saw its total market valuation decline to Rs 1556.88 billion.
Two state-run firms -- SBI and BHEL -- together lost Rs 72.81 billion from their m-cap.
The country's largest public sector lender, SBI, at 7th place, saw its m-cap fell by Rs 37.93 billion to Rs 1299.47 billion and BHEL, at the 8th spot, saw its valuation decline by Rs 34.87 billion, taking its total valuation to Rs 1220.86 billion.
Mining giant NMDC, at 9th place, lost Rs 37.47 billion from its valuation and private telecom services provider Bharti Airtel saw its valuation fall by Rs 1,4.05 billion.
At the end of the week, the total m-cap of NMDC stood at Rs 1157.89 billion and Bharti Airtel's valuation fell to Rs 1155.78 billion.
The market traded for four days this week, with Wednesday (April 14) being a holiday on account of Ambedkar Jayanti.
Mukesh Ambani-led Reliance Industries, the numero-uno firm in the list, which will come out with its yearly figures for the last fiscal on April 23, saw its valuation falling by Rs 132.94 billion, reducing its total market capitalisation (m-cap) to Rs 3542.79 billion for the week ended April 17.
The BSE benchmark index Sensex fell in all the trading sessions to close the week below the 17,600-level. The Sensex shed 48 points, or 0.27 per cent, in Friday's trading session before settling at 17,591.18 points.
Meanwhile, two IT firms, TCS and Infosys Technologies, were able to buck the trend and added Rs 105.21 billion to their market capitalisation.
State-run oil firm ONGC, the second most valued company by m-cap, and power utility NTPC saw their combined valuation decline by Rs 10.31 billion.
ONGC's market valuation fell to Rs 220614 billion and NPTC saw its m-cap reduced to Rs 1712.75 billion.
IT bellwether Infosys Technologies, which came out with its yearly performance earlier in the week and gave an impressive revenue growth projection of 16-18 per cent for the current fiscal, jumped to 4th position from 6th in the list of top-10 firms after adding Rs 61.37 billion to its m-cap.
For the quarter ended March 31, 2010, Infosys posted a net profit of Rs 16 billion.
Top outsourcing firm TCS, at 5th place, witnessed a surge of Rs 43.84 billion in its m-cap, taking its total valuation to Rs 1595.02 billion.
Trading firm MMTC, which slipped to 6th place from 4th after losing Rs 29.26 billion from its m-cap, saw its total market valuation decline to Rs 1556.88 billion.
Two state-run firms -- SBI and BHEL -- together lost Rs 72.81 billion from their m-cap.
The country's largest public sector lender, SBI, at 7th place, saw its m-cap fell by Rs 37.93 billion to Rs 1299.47 billion and BHEL, at the 8th spot, saw its valuation decline by Rs 34.87 billion, taking its total valuation to Rs 1220.86 billion.
Mining giant NMDC, at 9th place, lost Rs 37.47 billion from its valuation and private telecom services provider Bharti Airtel saw its valuation fall by Rs 1,4.05 billion.
At the end of the week, the total m-cap of NMDC stood at Rs 1157.89 billion and Bharti Airtel's valuation fell to Rs 1155.78 billion.
The market traded for four days this week, with Wednesday (April 14) being a holiday on account of Ambedkar Jayanti.