Six of top-10 cos add Rs 34,546 cr in m-cap in a week
The combined market capitalisation (m-cap) of six of the top-10 companies went up by Rs 34,546 crore in the past week, with the maximum gain being registered by software giant Tata Consultancy Services.business Updated: Oct 24, 2010 11:24 IST
The combined market capitalisation (m-cap) of six of the top-10 companies went up by Rs 34,546 crore in the past week, with the maximum gain being registered by software giant Tata Consultancy Services.
With an addition of Rs 17,438.65 crore, India's largest software exporter Tata Consultancy Services (TCS), enlarged its m-cap to Rs 2,03,568.37 crore and emerged as the best performer in the list of the top-10 companies as per their market valuations.
The company last week posted a jump of 32 per cent in net profit at Rs 2,169.21 crore for the September quarter.
Shares of TCS soared 9.36 per cent during the week to close at Rs 1,040.10 at the end of Friday's trade on the Bombay Stock Exchange (BSE).
Corporate leader Reliance Industries (RIL) ruled the exclusive chart yet again and added a sum of Rs 1,32,68.61 crore to its market valuation, which stood at Rs 3,53,867.74 crore as on Friday.
Next to RIL was oil and gas major ONGC, which too added Rs 459.86 crore to take its m-cap to Rs 2,87,367.88 crore.
Two of the country's biggest lender SBI and ICICI Bank together added Rs 2,925.49 crore to their cumulative m-cap. The m-cap of SBI stood at Rs 2,03,266.65 crore while that of ICICI was at Rs 1,29,949.96 crore.
Meanwhile, IT bellwether Infosys Technologies witnessed a wealth erosion of Rs 1,314.55 crore from its m-cap to Rs 1,75,268.76 crore.
State-run power major NTPC was another gainer, which expanded its m-cap to Rs 1,68,207.38 crore, after adding Rs 453.5 crore to it.
FMCG major ITC saw its valuation diminish by Rs 548.11 crore, which stood at Rs 1,31,579.94 crore.
With a loss of Rs 2,375 crore, the m-cap of trading firm MMTC stood at Rs 1,30,145 crore.
Top private telco Bharti Airtel too witnessed a dip of Rs 322.79 crore from its market valuation which was at Rs 1,26,609.32 crore.
During the week, the BSE 30-share benchmark Sensex went up marginally 0.20 per cent to close at 20,165.86 as on Friday's session at the BSE.