RIL rally helps 8 of top-10 cos add Rs 1 lk cr in m-cap | business | Hindustan Times
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RIL rally helps 8 of top-10 cos add Rs 1 lk cr in m-cap

business Updated: Nov 15, 2009 10:52 IST

The country's most valued firm Reliance Industries helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion.

The Mukesh Ambani-led Reliance Industries Ltd (RIL) made the biggest contribution to the list by contributing Rs 26,281 crore, taking its total market capitalisation (m-cap) to Rs 3,47,799 crore for the week ended on November 14. RIL shares surged by 8.17 per cent during the week to close at Rs 2,116.70 on the BSE on Friday.

The petrochemical conglomerate had a market valuation of Rs 3,21,517.51 crore for the week ended on November 7.

The country's largest private sector company is followed by the state-run oil major ONGC which added Rs 5,197 crore to its m-cap, helping it end the week with a market valuation of Rs 2,53,135.26 crore.

However, the state-run trading behemoth MMTC and private telecom services provider Bharti Airtel together lost Rs 7,615.65 crore from their market value.

MMTC, at the third place, saw its valuation declining by Rs 591.5 crore to Rs 1,80,143 crore, while power producer NTPC saw its m-cap surging by Rs 3,751.68 to Rs 1,77,236 crore.