Infosys, TCS record losses, 8 others add Rs 47,292 cr in m-cap
Eight of the country's top 10 valued companies added Rs 47,292 crore to their combined market capitalisation last week, whereas IT majors TCS and Infosys recorded sharp fall in their value.business Updated: Jan 15, 2012 11:26 IST
Eight of the country's top 10 valued companies added Rs 47,292 crore to their combined market capitalisation last week, whereas IT majors TCS and Infosys recorded sharp fall in their value.
Infosys last week reported 33 % year-on-year growth in net profit but disappointed investors with its revenue outlook due to eurozone debt crisis. Hit by the muted guidance, the company's shares had plummeted over 8 % on the day the results were announced.
The market valuation of Infosys slipped by Rs 14,463 crore to Rs 1,48,467 crore on January 13.
Similarly TCS' worth also took a beating as it lost Rs 16,588.08 crore from its m-cap which was at Rs 2,12,671 crore.
However, RIL, ONGC, Coal India, ITC, NTPC, Bharti Airtel, SBI and HDFC Bank made handsome gains in their market value.
The market worth of RIL advanced from Rs 2,34,025 crore on January 7, to Rs 2,39,706 crore on January 13.
ONGC added Rs 2,651.61 crore to its m-cap, which stood at Rs 2,22,228 crore at close on Friday.
Coal India's market cap jumped to Rs 2,17,030 crore from Rs 2,01,997 crore on January 7, while ITC added Rs 4,150 crore, taking its market value to Rs 1,61,185 crore.
NTPC saw its m-cap rising by Rs 7,256 crore to Rs 1,36,833 crore and Bharti's value jumped to Rs 1,27,046 crore from Rs 1,25,660 crore.
Further, SBI and HDFC Bank added Rs 6,819 crore and Rs 4,315.4 crore, respectively to their market value. The m-cap of SBI stood at Rs 1,12,848 crore, while HDFC Bank's value was Rs 1,09,765 crore on Friday.
The 30-share BSE benchmark Sensex gained 1.92 % during the past trading week.