Eight out of top-10 cos lose over Rs 200b from m-cap
Monday, 14 June 2010
MUMBAI, June 13 (PTI): In a week that saw the benchmark index Sensex regaining the 17,000-level, eight out of the top-10 firms lost over Rs 200 billion from their market capitalisation, with IT major Infosys emerging as the biggest loser.
Meanwhile, two companies -- Reliance Industries and BHEL -- added Rs 80.62 billion to their market capitalisation for the week ended June 11.
Out of the eight firms, which lost a whopping sum of Rs 203.12 billion from their market capitalisation (m-cap), IT bellwether Infosys Technologies emerged as the biggest loser by losing Rs 55.63 billion from its market valuation, taking its total to Rs 1511.21 billion.
Infosys Technologies' shares fell by 3.55 per cent to settle at Rs 2,633.60 at the end of Friday's trade on the Bombay Stock Exchange (BSE).
During the past week, the BSE benchmark barometer Sensex soared 52.74 points, or 0.30 per cent, to settle at Rs 17,064.95.
Corporate behemoth Reliance Industries Ltd (RIL) maintained its top position by adding Rs 50.74 billion to its m-cap, taking its total market valuation to Rs 3421.92 billion.
Buoyed by acquisition of Internet service provider Infotel, RIL's share gained 3.03 per cent in yesterday's trade on the BSE, while during the week, the scrip surged 3.65 per cent to close at Rs 1,046.25.
Two state-run firms -- ONGC and NTPC -- together lost Rs 40.87 billion from their market valuation.
The country's second most valued firm, ONGC, lost Rs 21.50 billion from its m-cap, taking its valuation to Rs 2523.33 billion, and power producer NTPC, at third place, saw its valuation falling by Rs 19.38 billion to Rs 1642.91 billion.
Infosys Technologies stood at fourth place and the country's largest software exporter TCS, at the fifth spot, saw its valuation declining by Rs 12.43 billion to end the week at Rs 1485.32 billion.
The country's largest public sector lender SBI, at sixth position, witnessed its valuation going down by Rs 2.41 billion to finish at Rs 1484.35 billion.
Trading firm MMTC, at seventh place, lost Rs 47.52 billion from its m-cap, taking its total valuation to Rs 1433.37 billion, while power equipment manufacturer BHEL, at the eight spot, saw its valuation surge by Rs 29.89 billion to Rs 1171.08 billion.
FMCG firm ITC, at ninth place, saw its valuation declining by Rs 37.61 billion and private telecom services provider Bharti Airtel, at last place, lost Rs 6.65 billion from its m-cap.
At the end of the week, ITC's m-cap stood at Rs 1072.53 billion and Bharti Airtel, which replaced mining firm NMDC, saw its valuation at Rs 1042.61 billion.
Meanwhile, two companies -- Reliance Industries and BHEL -- added Rs 80.62 billion to their market capitalisation for the week ended June 11.
Out of the eight firms, which lost a whopping sum of Rs 203.12 billion from their market capitalisation (m-cap), IT bellwether Infosys Technologies emerged as the biggest loser by losing Rs 55.63 billion from its market valuation, taking its total to Rs 1511.21 billion.
Infosys Technologies' shares fell by 3.55 per cent to settle at Rs 2,633.60 at the end of Friday's trade on the Bombay Stock Exchange (BSE).
During the past week, the BSE benchmark barometer Sensex soared 52.74 points, or 0.30 per cent, to settle at Rs 17,064.95.
Corporate behemoth Reliance Industries Ltd (RIL) maintained its top position by adding Rs 50.74 billion to its m-cap, taking its total market valuation to Rs 3421.92 billion.
Buoyed by acquisition of Internet service provider Infotel, RIL's share gained 3.03 per cent in yesterday's trade on the BSE, while during the week, the scrip surged 3.65 per cent to close at Rs 1,046.25.
Two state-run firms -- ONGC and NTPC -- together lost Rs 40.87 billion from their market valuation.
The country's second most valued firm, ONGC, lost Rs 21.50 billion from its m-cap, taking its valuation to Rs 2523.33 billion, and power producer NTPC, at third place, saw its valuation falling by Rs 19.38 billion to Rs 1642.91 billion.
Infosys Technologies stood at fourth place and the country's largest software exporter TCS, at the fifth spot, saw its valuation declining by Rs 12.43 billion to end the week at Rs 1485.32 billion.
The country's largest public sector lender SBI, at sixth position, witnessed its valuation going down by Rs 2.41 billion to finish at Rs 1484.35 billion.
Trading firm MMTC, at seventh place, lost Rs 47.52 billion from its m-cap, taking its total valuation to Rs 1433.37 billion, while power equipment manufacturer BHEL, at the eight spot, saw its valuation surge by Rs 29.89 billion to Rs 1171.08 billion.
FMCG firm ITC, at ninth place, saw its valuation declining by Rs 37.61 billion and private telecom services provider Bharti Airtel, at last place, lost Rs 6.65 billion from its m-cap.
At the end of the week, ITC's m-cap stood at Rs 1072.53 billion and Bharti Airtel, which replaced mining firm NMDC, saw its valuation at Rs 1042.61 billion.