Top-10 Indian cos add over Rs 520b to m-cap, MMTC leads
Monday, 21 June 2010
MUMBAI, June 20 (PTI): During the past week, all the top-10 firms added a sum of over Rs 520 billion to their market capitalisation, with trading firm MMTC emerging as the biggest gainer, leap-frogging to fourth place from seventh rank in the previous week.
The week saw telecom major Bharti Airtel move out of the list of top-10 firms by market capitalisation, to be replaced by engineering firm Larsen & Toubro. The ranking of several other heavyweights also saw changes.
MMTC saw its valuation swell by Rs 169.10 billion, taking its total valuation to Rs 1602.47 billion.
Shares of MMTC gained 3,382.05 points, or 11.79 per cent, to settle at Rs 32,049.45 on the Bombay Stock Exchange at the end of Friday's trade.
The BSE-30 share index Sensex during the week gained 505.87 points, or 2.96 per cent, to settle at Rs 17,570.82 on the BSE.
Corporate behemoth Reliance Industries Ltd maintained its numero-uno position and added Rs 29.44 billion to its m-cap, taking its total valuation to Rs 3451.35 billion.
The country's second most valued firm, ONGC, added Rs 29.45 billion to its kitty by the end the week to achieve a m-cap of Rs 2552.74 billion.
State-run power-producer NTPC remained at the third spot and added Rs 9.89 billion to its m-cap, taking its market valuation to Rs 1652.80 billion, while MMTC jumped to fourth place.
IT major Infosys slipped to fifth spot from fourth position last week, even though it added Rs 84.90 billion to its m-cap, ending the week at Rs 1596.10 billion, followed by the country's largest software exporter, TCS, which slid to sixth rank from fifth position earlier.
TCS added Rs 44.53 billion to its m-cap, taking its valuation to Rs 1529.85 billion.
State-owned lender SBI fell to seventh rank from sixth place despite adding Rs 22.03 billion to its m-cap to end the week at Rs 1506.38 billion.
Power equipment manufacturer BHEL maintained its eight ranking and gained Rs 11.70 billion, taking its market valuation to Rs 1182.78 billion.
FMCG major ITC, at ninth place, gained Rs 50.78 billion in m-cap to see its valuation swell to Rs 1123.31 billion.
Engineering major L&T made a foray into the list of top-10 companies by adding Rs 72.98 billion to its m-cap. The market valuation of L&T stood at Rs 1084.64 billion.
The week saw telecom major Bharti Airtel move out of the list of top-10 firms by market capitalisation, to be replaced by engineering firm Larsen & Toubro. The ranking of several other heavyweights also saw changes.
MMTC saw its valuation swell by Rs 169.10 billion, taking its total valuation to Rs 1602.47 billion.
Shares of MMTC gained 3,382.05 points, or 11.79 per cent, to settle at Rs 32,049.45 on the Bombay Stock Exchange at the end of Friday's trade.
The BSE-30 share index Sensex during the week gained 505.87 points, or 2.96 per cent, to settle at Rs 17,570.82 on the BSE.
Corporate behemoth Reliance Industries Ltd maintained its numero-uno position and added Rs 29.44 billion to its m-cap, taking its total valuation to Rs 3451.35 billion.
The country's second most valued firm, ONGC, added Rs 29.45 billion to its kitty by the end the week to achieve a m-cap of Rs 2552.74 billion.
State-run power-producer NTPC remained at the third spot and added Rs 9.89 billion to its m-cap, taking its market valuation to Rs 1652.80 billion, while MMTC jumped to fourth place.
IT major Infosys slipped to fifth spot from fourth position last week, even though it added Rs 84.90 billion to its m-cap, ending the week at Rs 1596.10 billion, followed by the country's largest software exporter, TCS, which slid to sixth rank from fifth position earlier.
TCS added Rs 44.53 billion to its m-cap, taking its valuation to Rs 1529.85 billion.
State-owned lender SBI fell to seventh rank from sixth place despite adding Rs 22.03 billion to its m-cap to end the week at Rs 1506.38 billion.
Power equipment manufacturer BHEL maintained its eight ranking and gained Rs 11.70 billion, taking its market valuation to Rs 1182.78 billion.
FMCG major ITC, at ninth place, gained Rs 50.78 billion in m-cap to see its valuation swell to Rs 1123.31 billion.
Engineering major L&T made a foray into the list of top-10 companies by adding Rs 72.98 billion to its m-cap. The market valuation of L&T stood at Rs 1084.64 billion.