Seven of top-10 cos lose Rs 730b in m-cap
Monday, 25 January 2010
MUMBAI, Jan 24 (PTI): A whopping Rs 730 billion was eroded from the market capitalisation of seven of the top 10 firms last week and during the period the benchmark Sensex fell below the psychologically crucial 17,000-mark.
However, NMDC, Bharti Airtel and BHEL added Rs 231.9 billion to their market valuation for the week ended January 23.
The country's largest iron ore producer NMDC, which will come out with a follow-on public offer to divest 8.3 per cent, was the biggest gainer. It jumped to the third place from fourth in the list of top 10 companies going by their market valution. NMDC added Rs 214.21 billion to its valuation to end the week at Rs 2111 billion.
State-run oil firm ONGC saw the biggest fall of Rs 210.79 billion, bringing its its total valuation to Rs 2385.92 billion. ONGC reported a 23-per cent jump in third quarter profit at Rs 31 billion.
Mukesh Ambani-led Reliance Industries, the biggest company by m-cap, also lost Rs 184.28 billion. Its valution stood at Rs 3461 billion at the end of of the week.
The state-run power behemoth NTPC slipped to fourth place from third after losing Rs 824.46 billion. Trading firm MMTC down by Rs 87.75 billion is at the fifth place. Its total valuation declined to Rs 1835.49 billion.
Another PSU MMTC's m-cap dipped to Rs 176.25 billion.
Software giants TCS and Infosys Technologies together lost Rs 131.11 billion. TCS is at the sixth place at Rs 1478.17 billion and Infosys at Rs 1475.71 billion is at seventh place.
Country's largest public sector lender SBI, eighth in the list, witnessed an erosion of Rs 34.65 billion, bringing its total valution to Rs 1327.62 billion.
Private telecom services provider Bharti Airtel Bharti Airtel's stood at ninth spot with a total valuation of Rs 1220.32 billion.
Bharti Airtel posted 2.3 per cent rise in third quarter profit at Rs 22 billion.
Power equipment maker BHEL at tenth spot with a m-cap of Rs 1161.93 billion. The PSU's declared a 35.67-per cent increase in profit at Rs 11.5 billion for quarter ended December 31, 2009.
During the past week, the 30-share benchmark Sensex of the Bombay Stock Exchange saw a decline of nearly four per cent or 694.62 points during the week to close at 16,859.68 points at the end of Friday's trade.
However, NMDC, Bharti Airtel and BHEL added Rs 231.9 billion to their market valuation for the week ended January 23.
The country's largest iron ore producer NMDC, which will come out with a follow-on public offer to divest 8.3 per cent, was the biggest gainer. It jumped to the third place from fourth in the list of top 10 companies going by their market valution. NMDC added Rs 214.21 billion to its valuation to end the week at Rs 2111 billion.
State-run oil firm ONGC saw the biggest fall of Rs 210.79 billion, bringing its its total valuation to Rs 2385.92 billion. ONGC reported a 23-per cent jump in third quarter profit at Rs 31 billion.
Mukesh Ambani-led Reliance Industries, the biggest company by m-cap, also lost Rs 184.28 billion. Its valution stood at Rs 3461 billion at the end of of the week.
The state-run power behemoth NTPC slipped to fourth place from third after losing Rs 824.46 billion. Trading firm MMTC down by Rs 87.75 billion is at the fifth place. Its total valuation declined to Rs 1835.49 billion.
Another PSU MMTC's m-cap dipped to Rs 176.25 billion.
Software giants TCS and Infosys Technologies together lost Rs 131.11 billion. TCS is at the sixth place at Rs 1478.17 billion and Infosys at Rs 1475.71 billion is at seventh place.
Country's largest public sector lender SBI, eighth in the list, witnessed an erosion of Rs 34.65 billion, bringing its total valution to Rs 1327.62 billion.
Private telecom services provider Bharti Airtel Bharti Airtel's stood at ninth spot with a total valuation of Rs 1220.32 billion.
Bharti Airtel posted 2.3 per cent rise in third quarter profit at Rs 22 billion.
Power equipment maker BHEL at tenth spot with a m-cap of Rs 1161.93 billion. The PSU's declared a 35.67-per cent increase in profit at Rs 11.5 billion for quarter ended December 31, 2009.
During the past week, the 30-share benchmark Sensex of the Bombay Stock Exchange saw a decline of nearly four per cent or 694.62 points during the week to close at 16,859.68 points at the end of Friday's trade.