Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Seven of Top-10 Firms Lose Rs 86,880 Crore in M-cap; ITC Takes Biggest Knock

In a weak broader market, Reliance Industries Ltd (RIL), HDFC Bank, HDFC, Kotak Mahindra Bank, ICICI Bank and SBI were the other firms which witnessed a drop in their market capitalisation.

PTI

Updated:August 25, 2019, 10:55 AM IST
facebookTwitterskypewhatsapp
Seven of Top-10 Firms Lose Rs 86,880 Crore in M-cap; ITC Takes Biggest Knock
Representative image
Loading...

New Delhi: Seven of the 10 most valued domestic companies cumulatively lost Rs 86,879.7 crore in market valuation last week, with FMCG major ITC taking the biggest hit.

In a weak broader market, Reliance Industries Ltd (RIL), HDFC Bank, HDFC, Kotak Mahindra Bank, ICICI Bank and SBI were the other firms which witnessed a drop in their market capitalisation (m-cap), while TCS, HUL and Infosys finished with gains.

The m-cap of ITC dropped by Rs 20,748.4 crore to stand at Rs 2,89,740.59 crore.

It was followed by SBI whose market cap tumbled Rs 17,715.4 crore to Rs 2,41,946.22 crore.

The m-cap of HDFC Bank tanked Rs 17,335.3 crore to Rs 5,91,490.98 crore and that of ICICI Bank declined by Rs 15,084.5 crore to Rs 2,55,484.91 crore.

HDFC's valuation fell by Rs 9,921.2 crore to Rs 3,52,202.72 crore and that of Kotak Mahindra Bank dipped Rs 5,155.85 crore to Rs 2,81,185.14 crore.

The m-cap of RIL went down by Rs 919.16 crore to Rs 8,08,836 crore.

In contrast, the valuation of TCS zoomed Rs 31,538.79 crore to Rs 8,43,367.22 crore and that of Infosys jumped Rs 11,746.94 crore to Rs 3,44,419.45 crore.

Hindustan Unilever Ltd (HUL) added Rs 7,176.31 crore to its m-cap to reach Rs 4,02,512.28 crore.

In the ranking of top-10 firms, Tata Consultancy Services (TCS) led from the front followed by RIL, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
20 Microns 36.40 2.25
Hexaware Tech 375.05 0.11
Atul 3,720.10 0.53
Amrutanjan Heal 310.00 1.19
Company Price Change %Gain
BF Investment 274.75 0.00
Commex Tech 0.19 0.00
Bindal Exports 5.30 0.00
Brigade Ent 192.15 0.00

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results