Seven of top-10 cos lost Rs 23k cr in a month
Seven of the top-10 most valued companies lost a total of over Rs 23,000 crore from their market capitalisation during the result season last month, while firms including Reliance Industries and NTPC saw their valuations rise.business Updated: Nov 01, 2009 11:59 IST
Seven of the top-10 most valued companies lost a total of over Rs 23,000 crore from their market capitalisation during the result season last month, while firms including Reliance Industries and NTPC saw their valuations rise.
Mukesh Ambani-led Reliance Industries' (RIL) market valuation rose by Rs 4,839.65 crore, taking its total market cap to Rs 3,46,440.26 crore for the month ended October 31.
RIL had a market valuation of Rs 3,41,600.61 crore at the beginning of the month, on October 1, 2009.
Second comes oil firm ONGC, which witnessed a value erosion of Rs 2,277.9 crore during the month. Its market cap stood at Rs 2,50,525.84 crore.
State-run NTPC inched up to the third slot by adding Rs 2,762.23 crore pushing trading firm MMTC that lost Rs 9,636.25 crore to the fourth position.
The total market valuation of NTPC surged to Rs 1,76,205.48 crore, while MMTC's dipped to Rs 1,70,186.25 crore.
Moving further, private telecom services provider Bharti Airtel lost Rs 6,378.69 crore from its market valuation, however state-run mining giant NMDC added Rs 1,129.77 crore to its market cap.
Bharti Airtel's total market cap stood at Rs 1,58,916.74 crore, while NMDC's market valuation surged to Rs 1,42,055.2 crore.
The country's largest public sector lender, SBI's total market cap dipped by Rs 901.53 crore to Rs 1,39,400.6 crore last month.
IT bellwether Infosys Technologies saw an erosion of Rs 1,008.56 crore and software company TCS lost Rs 2,466.07 crore from its market valuation.
The total market cap of Infosys Technologies stood at Rs 1,32,331.34 crore and TCS at Rs 1,21,219.18 crore.
Power equipment maker BHEL witnessed an erosion of Rs 1,214.01 crore from its market cap taking its total market valuation to Rs 1,13,820.74 crore.
During the week ended October 31, of the top-10 companies five lost Rs 18,798.93 crore, while the rest added combined Rs 56,441.29 crore, resulting into a net gain of Rs 37,642.36 crore.
In the top-10 club, RIL is followed by ONGC (Rs 2,50,525.84 crore), NTPC (Rs 1,76,205.48 crore), MMTC (Rs 1,70,186.25 crore), Bharti Airtel (Rs 1,58,916.74 crore), NMDC (Rs 1,42,055.2 crore), SBI (Rs 1,39,400.6 crore), Infosys (Rs 1,32,331.34 crore), TCS (Rs 1,21,219.18 crore), and BHEL (Rs 1,13,820.74 crore), in that order.