Top-10 cos add over Rs 52k cr to m-cap, MMTC leads
During the past week, all the top-10 firms added a sum of over Rs 52,000 crore to their market capitalisation, with trading firm MMTC emerging as the biggest gainer, leap-frogging to fourth place from seventh rank in the previous week.business Updated: Jun 20, 2010 12:34 IST
During the past week, all the top-10 firms added a sum of over Rs 52,000 crore to their market capitalisation, with trading firm MMTC emerging as the biggest gainer, leap-frogging to fourth place from seventh rank in the previous week.
The week saw telecom major Bharti Airtel move out of the list of top-10 firms by market capitalisation, to be replaced by engineering firm Larsen & Toubro. The ranking of several other heavyweights also saw changes.
MMTC saw its valuation swell by Rs 16,910.25 crore, taking its total valuation to Rs 1,60,247.25 crore.
Shares of MMTC gained 3,382.05 points, or 11.79 per cent, to settle at Rs 32,049.45 on the Bombay Stock Exchange at the end of Friday's trade.
The BSE-30 share index Sensex during the week gained 505.87 points, or 2.96 per cent, to settle at Rs 17,570.82 on the BSE.
Corporate behemoth Reliance Industries Ltd maintained its numero-uno position and added Rs 2,943.58 crore to its m-cap, taking its total valuation to Rs 3,45,135.34 crore.
The country's second most valued firm, ONGC, added Rs 2,940.94 crore to its kitty by the end the week to achieve a m-cap of Rs 2,55,274.13 crore.
State-run power-producer NTPC remained at the third spot and added Rs 989.46 crore to its m-cap, taking its market valuation to Rs 1,65,280.25 crore, while MMTC jumped to fourth place.
IT major Infosys slipped to fifth spot from fourth position last week, even though it added Rs 8,489.66 crore to its m-cap, ending the week at Rs 1,59,610.9 crore, followed by the country's largest software exporter, TCS, which slid to sixth rank from fifth position earlier.
TCS added Rs 4,452.63 crore to its m-cap, taking its valuation to Rs 1,52,984.54 crore.
State-owned lender SBI fell to seventh rank from sixth place despite adding Rs 2,203 crore to its m-cap to end the week at Rs 1,50,637.98 crore.
Power equipment manufacturer BHEL maintained its eight ranking and gained Rs 1,169.95 crore, taking its market valuation to Rs 1,18,277.82 crore.
FMCG major ITC, at ninth place, gained Rs 5,078 crore in m-cap to see its valuation swell to Rs 1,12,331.44 crore.
Engineering major L&T made a foray into the list of top-10 companies by adding Rs 7,298.11 crore to its m-cap. The market valuation of L&T stood at Rs 1,08,464.46 crore.