Seven of top-10 firms shed Rs 282b in m-cap in a week
Monday, 1 November 2010
MUMBAI, Oct 31 (PTI): Market capitalisation (m-cap) of seven of the country's top-10 firms eroded by Rs 281.93 billion last week, with oil and gas major ONGC recording the biggest loss in valuation.
With an erosion of Rs 86.20 billion from its market valuation, state-run ONGC emerged as the biggest loser in the club based on m-cap. ONGC's m-cap stood at Rs 2787.48 billion as Friday.
ONGC shares declined by nearly three per cent during the week to close at Rs 1,303.25 Friday at the Bombay Stock Exchange.
Corporate giant Reliance Industries (RIL) yet again ruled the chart with an m-cap of Rs 3585.87 billion. RIL added Rs 4,719.66 to its kitty.
The company had yesterday posted a 27.8-per cent growth in its net profit at Rs 49.23 billion for the July-September quarter this fiscal.
India's largest software exporter Tata Consultancy Services also witnessed its valuation swell by Rs 22.90 billion to Rs 2058.58 billion.
Meanwhile, country's top public sector lender State Bank of India saw its valuation decline by Rs 31.68 billion to Rs 2000.98 billion.
With an erosion of Rs 86.20 billion from its market valuation, state-run ONGC emerged as the biggest loser in the club based on m-cap. ONGC's m-cap stood at Rs 2787.48 billion as Friday.
ONGC shares declined by nearly three per cent during the week to close at Rs 1,303.25 Friday at the Bombay Stock Exchange.
Corporate giant Reliance Industries (RIL) yet again ruled the chart with an m-cap of Rs 3585.87 billion. RIL added Rs 4,719.66 to its kitty.
The company had yesterday posted a 27.8-per cent growth in its net profit at Rs 49.23 billion for the July-September quarter this fiscal.
India's largest software exporter Tata Consultancy Services also witnessed its valuation swell by Rs 22.90 billion to Rs 2058.58 billion.
Meanwhile, country's top public sector lender State Bank of India saw its valuation decline by Rs 31.68 billion to Rs 2000.98 billion.