Nine of top 10 cos lose nearly Rs 1350b in m-cap in a month
Monday, 31 May 2010
MUMBAI, May 30 (PTI): Led by ITC, nine of the top 10 companies lost a staggering Rs 1350 billion over the last 30 days in a highly-volatile market.
ONGC was the only member of the elite club that saw a rise in its market capitalisation.
FMCG major ITC was the biggest loser, with a loss of Rs 911.39 billion. Between April 28 and May 28, nine companies lost a whopping about Rs 1348.80 billion from their valuation.
However, state-run ONGC, the second-most valued firm, saw its market capitalisation (m-cap) swelling by Rs 180.9 billion to stand at Rs 2418.95 billion by the end of Friday's trade on the Bombay Stock Exchange (BSE) on May 28.
ONGC had a market valuation of Rs 2238.86 billion on April 28.
Meanwhile, 30-share BSE benchmark index Sensex lost 640.41 points, or nearly 4 per cent, to settle at 16,863.06 points at the end of Friday's trade. The market still has one day to trade on May 31.
Shares of ONGC gained nearly 9 per cent during the period to settle at Rs 1,130.95 on the BSE.
The country's most valued firm, Reliance Industries, maintained its numero uno status even after losing around Rs 2.70 billion from its m-cap, taking its total market valuation to Rs 3381.15 billion.
Power utility firm NTPC, at the third position, saw its valuation decline by about Rs 22.26 billion while IT bellwether Infosys Technologies, at the fourth spot, witnessed a value erosion of Rs 17.99 billion from its m-cap.
At the end of the month, the valuation of NTPC stood at Rs 1656.93 billion while Infosys Technologies' m-cap was Rs 1534.91 billion.
Software outsourcing firm TCS, at the fifth spot, saw its valuation fall by Rs 19.96 billion, while trading firm MMTC, at the sixth place, lost Rs 143.26 billion from its m-cap.
The total market valuation of TCS stood at Rs 1466.92 billion while that of MMTC was Rs 1436 billion.
Public sector lender SBI, at the seventh position, lost around Rs 24.86 billion from its m-cap, taking its total valuation to Rs 1419.15 billion. Power producer BHEL, at the eighth position, also lost over Rs 87.84 billion from its m-cap and its valuation stood at about Rs 1135.20 billion.
FMCG major ITC remained at the ninth position and saw its valuation fall by Rs 911.39 billion to Rs 107.14 billion.
State-run NMDC -- at the last spot -- lost about Rs 118.54 billion from its m-cap, taking its total valuation to around Rs 1055.67 billion.
Meanwhile, for the week ended May 28, four of the top 10 companies lost Rs 1034.95 billion from their m-cap while six firms added Rs 368.97 billion to their kitty.
ONGC was the only member of the elite club that saw a rise in its market capitalisation.
FMCG major ITC was the biggest loser, with a loss of Rs 911.39 billion. Between April 28 and May 28, nine companies lost a whopping about Rs 1348.80 billion from their valuation.
However, state-run ONGC, the second-most valued firm, saw its market capitalisation (m-cap) swelling by Rs 180.9 billion to stand at Rs 2418.95 billion by the end of Friday's trade on the Bombay Stock Exchange (BSE) on May 28.
ONGC had a market valuation of Rs 2238.86 billion on April 28.
Meanwhile, 30-share BSE benchmark index Sensex lost 640.41 points, or nearly 4 per cent, to settle at 16,863.06 points at the end of Friday's trade. The market still has one day to trade on May 31.
Shares of ONGC gained nearly 9 per cent during the period to settle at Rs 1,130.95 on the BSE.
The country's most valued firm, Reliance Industries, maintained its numero uno status even after losing around Rs 2.70 billion from its m-cap, taking its total market valuation to Rs 3381.15 billion.
Power utility firm NTPC, at the third position, saw its valuation decline by about Rs 22.26 billion while IT bellwether Infosys Technologies, at the fourth spot, witnessed a value erosion of Rs 17.99 billion from its m-cap.
At the end of the month, the valuation of NTPC stood at Rs 1656.93 billion while Infosys Technologies' m-cap was Rs 1534.91 billion.
Software outsourcing firm TCS, at the fifth spot, saw its valuation fall by Rs 19.96 billion, while trading firm MMTC, at the sixth place, lost Rs 143.26 billion from its m-cap.
The total market valuation of TCS stood at Rs 1466.92 billion while that of MMTC was Rs 1436 billion.
Public sector lender SBI, at the seventh position, lost around Rs 24.86 billion from its m-cap, taking its total valuation to Rs 1419.15 billion. Power producer BHEL, at the eighth position, also lost over Rs 87.84 billion from its m-cap and its valuation stood at about Rs 1135.20 billion.
FMCG major ITC remained at the ninth position and saw its valuation fall by Rs 911.39 billion to Rs 107.14 billion.
State-run NMDC -- at the last spot -- lost about Rs 118.54 billion from its m-cap, taking its total valuation to around Rs 1055.67 billion.
Meanwhile, for the week ended May 28, four of the top 10 companies lost Rs 1034.95 billion from their m-cap while six firms added Rs 368.97 billion to their kitty.