STOCK MARKET

Seven of top 10 firms lose Rs 1.32 lakh cr in market-cap; Reliance biggest drag

Seven of the 10 most valued firms suffered a combined erosion of Rs 1,32,535.79 crore in market valuation last week, with Reliance Industries emerging as the worst hit.
In the holiday-truncated week, the Sensex tumbled 1,108.25 points or 1.86 per cent.

While Reliance Industries Ltd (RIL), TCS, HDFC Bank, Infosys, HUL, Bajaj Finance and HDFC were the laggards from the top-10 pack, ICICI Bank, SBI and Adani Green Energy were the gainers.

Read More:-HDFC Bank to raise Rs 50,000 crore via bonds; re-appoints Renu Karnad as director

Adani Green Energy had on Monday last week entered the list of the top-10 most valued domestic firms.

The market capitalisation (m-cap) of Reliance Industries plummeted by Rs 43,491.37 crore to reach Rs 17,26,714.05 crore.

The valuation of Infosys dived Rs 27,953.78 crore to Rs 7,35,611.35 crore.

HDFC Bank’s market valuation eroded by Rs 27,866.34 crore to Rs 8,12,338.57 crore and that of HDFC tumbled Rs 14,631.11 crore to Rs 4,31,028.49 crore.

The m-cap of Tata Consultancy Services (TCS) tanked Rs 9,348.88 crore to stand at Rs 13,39,688.48 crore.

Read More:-Oil Ministry freezes gas allocation, prices of CNG, PNG spike: Report

The valuation of Hindustan Unilever (HUL) declined by Rs 7,119.26 crore to Rs 5,05,737.77 crore and that of Bajaj Finance diped by Rs 2,125.05 crore to Rs 4,43,685.79 crore.

In contrast, the new entrant Adani Green Energy added Rs 84,581.99 crore, taking its valuation to Rs 4,48,050.99 crore.

ICICI Bank’s market capitalisation jumped Rs 5,559.02 crore to Rs 5,29,739.59 crore and that of State Bank of India (SBI) rose Rs 1,249.45 crore to Rs 4,61,848.65 crore.

Read More:-Commerce Ministry relaxes certain norms under EPCG scheme to promote ease of doing business

In the ranking of top-10 firms, Reliance Industries maintained its top position, followed by TCS, HDFC Bank, Infosys, ICICI Bank, HUL, SBI, Adani Green Energy, Bajaj Finance and HDFC.

Stock markets were closed on Thursday for Mahavir Jayanti and Dr Babasaheb Ambedkar Jayanti, as well as on Friday on account of Good Friday.

Source :
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top