Six of top-10 cos add Rs 345.46b in m-cap in a week
Monday, 25 October 2010
MUMBAI, Oct 24 (PTI): The combined market capitalisation (m-cap) of six of the top-10 companies went up by Rs 345.46 billion in the past week, with the maximum gain being registered by software giant Tata Consultancy Services.
With an addition of Rs 174.34 billion, India's largest software exporter Tata Consultancy Services (TCS), enlarged its m-cap to Rs 2035.68 billion and emerged as the best performer in the list of the top-10 companies as per their market valuations.
The company last week posted a jump of 32 per cent in net profit at Rs 21.69 billion for the September quarter.
Shares of TCS soared 9.36 per cent during the week to close at Rs 1,040.10 at the end of Friday's trade on the Bombay Stock Exchange.
Corporate leader Reliance Industries (RIL) ruled the exclusive chart yet again and added a sum of Rs 132.69 billion to its market valuation, which stood at Rs 3538.68 billion as on Friday.
Next to RIL was oil and gas major ONGC, which too added Rs 4.60 billion to take its m-cap to Rs 2873.68 billion.
Two of the country's biggest lender SBI and ICICI Bank together added Rs 29.25 billion to their cumulative m-cap. The m-cap of SBI stood at Rs 2032.67 billion while that of ICICI was at Rs 1299.50 billion.
Meanwhile, IT bellwether Infosys Technologies witnessed a wealth erosion of Rs 13.15 billion from its m-cap to Rs 1752.69 billion.
State-run power major NTPC was another gainer, which expanded its m-cap to Rs 1682.07 billion, after adding Rs 4.54 billion to it.
FMCG major ITC saw its valuation diminish by Rs 5.48 billion, which stood at Rs 1315.80 billion.
With a loss of Rs 23.75 billion, the m-cap of trading firm MMTC stood at Rs 1301.45 billion.
Top private telco Bharti Airtel too witnessed a dip of Rs 3.23 billion from its market valuation which was at Rs 1266.09 billion.
During the week, the BSE 30-share benchmark Sensex went up marginally 0.20 per cent to close at 20,165.86 as on Friday's session at the BSE.
With an addition of Rs 174.34 billion, India's largest software exporter Tata Consultancy Services (TCS), enlarged its m-cap to Rs 2035.68 billion and emerged as the best performer in the list of the top-10 companies as per their market valuations.
The company last week posted a jump of 32 per cent in net profit at Rs 21.69 billion for the September quarter.
Shares of TCS soared 9.36 per cent during the week to close at Rs 1,040.10 at the end of Friday's trade on the Bombay Stock Exchange.
Corporate leader Reliance Industries (RIL) ruled the exclusive chart yet again and added a sum of Rs 132.69 billion to its market valuation, which stood at Rs 3538.68 billion as on Friday.
Next to RIL was oil and gas major ONGC, which too added Rs 4.60 billion to take its m-cap to Rs 2873.68 billion.
Two of the country's biggest lender SBI and ICICI Bank together added Rs 29.25 billion to their cumulative m-cap. The m-cap of SBI stood at Rs 2032.67 billion while that of ICICI was at Rs 1299.50 billion.
Meanwhile, IT bellwether Infosys Technologies witnessed a wealth erosion of Rs 13.15 billion from its m-cap to Rs 1752.69 billion.
State-run power major NTPC was another gainer, which expanded its m-cap to Rs 1682.07 billion, after adding Rs 4.54 billion to it.
FMCG major ITC saw its valuation diminish by Rs 5.48 billion, which stood at Rs 1315.80 billion.
With a loss of Rs 23.75 billion, the m-cap of trading firm MMTC stood at Rs 1301.45 billion.
Top private telco Bharti Airtel too witnessed a dip of Rs 3.23 billion from its market valuation which was at Rs 1266.09 billion.
During the week, the BSE 30-share benchmark Sensex went up marginally 0.20 per cent to close at 20,165.86 as on Friday's session at the BSE.