Top-10 cos lose Rs 670b from m-cap, NMDC major loser
Monday, 8 February 2010
MUMBAI, Feb 7 (PTI): The past week, during which benchmark index Sensex dipped below the psychological 16,000-level, saw all the top 10 valued firms losing over Rs 670 billion from their market capitalisation.
During the week ended February 6, state-run NMDC fell the most. The country's largest iron ore producer, at the third place in order of its valuation, lost Rs 178.8 billion to have a market capitalisation (m-cap) of Rs 1794.3 billion.
In the past week, the Sensex plunged 442 points to 15,915.65 at the end of Saturday's trade on the BSE.
Mukesh Ambani-led Reliance Industries Ltd, maintained its numero-uno position even after losing Rs 173.4 billion from its valuation, which took its total m-cap to Rs 3249.8 billion.
Two state-run firms-- ONGC and NTPC-- together lost a sum of Rs 87.4 billion from their valuation.
At the end of the week, the total m-cap of ONGC, which is at the second spot, declined to Rs 2341 billion and NTPC, at the fourth place, saw its valuation plunge to Rs 1690.7 billion.
During the past week, NTPC came out with its follow-on-public offer, which was subscribed 1.2 times. The issue, through which the government is divesting five per cent of its stake at a floor price of Rs 201 a share, is valued at Rs 82.87 billion.
Meanwhile, state-run trading firm MMTC at the fifth place saw its valuation decline by Rs 8.6 billion to reach Rs 1686 billion.
Two top IT firms, TCS at the sixth place witnessed its valuation decline by Rs 11.75 billion to Rs 1427.8 billion, while Infosys Technologies at the seventh spot saw its m-cap plunge by Rs 55.38 billion to Rs 1365.12 billion at the end of Saturday's trade. The country's largest public sector bank SBI at the eighth spot witnessed a dip of Rs 91.6 billion from its m-cap taking its total valuation to Rs 1215.6 billion.
During the week ended February 6, state-run NMDC fell the most. The country's largest iron ore producer, at the third place in order of its valuation, lost Rs 178.8 billion to have a market capitalisation (m-cap) of Rs 1794.3 billion.
In the past week, the Sensex plunged 442 points to 15,915.65 at the end of Saturday's trade on the BSE.
Mukesh Ambani-led Reliance Industries Ltd, maintained its numero-uno position even after losing Rs 173.4 billion from its valuation, which took its total m-cap to Rs 3249.8 billion.
Two state-run firms-- ONGC and NTPC-- together lost a sum of Rs 87.4 billion from their valuation.
At the end of the week, the total m-cap of ONGC, which is at the second spot, declined to Rs 2341 billion and NTPC, at the fourth place, saw its valuation plunge to Rs 1690.7 billion.
During the past week, NTPC came out with its follow-on-public offer, which was subscribed 1.2 times. The issue, through which the government is divesting five per cent of its stake at a floor price of Rs 201 a share, is valued at Rs 82.87 billion.
Meanwhile, state-run trading firm MMTC at the fifth place saw its valuation decline by Rs 8.6 billion to reach Rs 1686 billion.
Two top IT firms, TCS at the sixth place witnessed its valuation decline by Rs 11.75 billion to Rs 1427.8 billion, while Infosys Technologies at the seventh spot saw its m-cap plunge by Rs 55.38 billion to Rs 1365.12 billion at the end of Saturday's trade. The country's largest public sector bank SBI at the eighth spot witnessed a dip of Rs 91.6 billion from its m-cap taking its total valuation to Rs 1215.6 billion.