Six of Top-10 Firms Lose Rs 62,147.7 Crore in Market Capitalisation; RIL and TCS takes the Biggest Hit
The market valuation of RIL plunged Rs 20,031.5 crore to Rs 7,91,750.71 crore ahead of its Q1 results, which were declared after market hours on Friday. The market capitalisation of TCS dropped Rs 11,632.4crore to Rs 7,79,351.54 crore.
File pic of Reliance Industrues Ltd.
New Delhi: Six of the 10 most valued Indian companies suffered a combined erosion of Rs 62,147.7 crore in market valuation last week, with RIL and TCS taking the biggest knocks amid a weak broader market.
HDFC Bank, ITC, SBI and ICICI Bank were the other laggards in the top-10 pack, while HDFC, Hindustan Unilever Ltd (HUL), Infosys and Kotak Mahindra Bank saw an increase in their market capitalisation (m-cap) for the week ended Friday.
The market valuation of RIL plunged Rs 20,031.5 crore to Rs 7,91,750.71 crore ahead of its Q1 results, which were declared after market hours Friday.
The m-cap of Tata Consultancy Services (TCS) dropped Rs 11,632.4crore to Rs 7,79,351.54 crore.
ICICI Bank's valuation tumbled Rs 10,928.1crore to Rs 2,64,640.73 crore and that of ITC plummeted Rs 8,035.26 crore to Rs 3,29,261.93 crore.
The market cap of SBI tanked Rs 6,738.08 crore to Rs 3,17,716.17 crore and that of HDFC Bank declined Rs 4,782.42crore to Rs 6,49,302.53 crore.
In contrast, the valuation of Infosys zoomed Rs 25,125.99 crore to Rs 3,37,418.53 crore.
HDFC added Rs 8,152.05 crore to its m-cap to reach Rs 3,97,492.11 crore.
Kotak Mahindra Bank's valuation climbed Rs 2,990.49 crore to Rs 2,86,383.79 crore, while that of HUL moved up by Rs 2,489.52 crore to Rs 3,73,384.88 crore.
In the ranking of top-10 firms, RIL was placed at the number one position, followed by TCS, HDFC Bank, HDFC, HUL, Infosys, ITC, SBI, Kotak Mahindra Bankand ICICI Bank.
During the last week, the Sensex declined 399.22 points or 1.03 percent, to close at 38,337.01 Friday.
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