Top 10 firms add Rs 4 trn in May; NMDC accounts for Rs 1 trn
The country's 10 most valued firms added Rs 4,10,000 crore to their total market capitalisation in May, with state-run NMDC contributing nearly Rs 1 lakh crore to its kitty.
The top 10 companies in terms of market cap on the Bombay Stock Exchange added Rs 4,10,817 crore to their combined market cap at Rs 16,58,436 crore. The elite club, which includes six public sector companies and four private sector players, had a market cap of Rs 12,47,619 crore in April.
Mining major NMDC added Rs 99,772 crore to its market cap in May, making it the third most valued firm. Its market valuation stood at Rs 1,78,055 crore at the end of the month with its shares more than doubling to Rs 449.10 at close on last Friday on the Bombay Stock Exchange.
In April, the market cap of NMDC was at Rs 78,283 crore, while the scrip had settled at Rs 197.45 on last trading day of the month.
The country's most valued firm, Reliance Industries, added Rs 74,724 crore to take its market valuation to over Rs 3,00,000 crore mark in May. The market cap of RIL stood at Rs 3,58,433 crore at the end of the month against Rs 2,83,709 crore in April.
State-run ONGC remained the second most valued firm, adding Rs 66,391 crore to its market cap at Rs 2,51,510 crore in May. Public sector power utility NTPC slipped to fourth position from its earlier third slot even after adding Rs 20,861 crore to its market cap at Rs 1,77,648 crore.
Two private sector companies -- telecom services provider Bharti Airtel skid to fifth position from fourth slot and IT bellwether Infosys Technologies slipped to ninth from its fifth position in April. At close on last Friday, the total market valuation of Airtel stood at Rs 1,55,595 crore, while that of Infosys Technologies at Rs 91,766 crore in May.
Trading firm MMTC added Rs 56,044 crore to its market valuation and public sector lender State Bank of India added Rs 37,547 crore in May.
Power equipment supplier BHEL added Rs 25,609 crore to its market cap and ICICI Bank, the country's largest private sector lender, entered the elite club after a hiatus of more than seven months.
ICICI Bank grabbed the 10th place in the club after adding Rs 11,085 crore in May taking its total market valuation to Rs 82,459 crore.
RIL is followed by ONGC (Rs 2,51,509.72 crore), NMDC (Rs 1,78,054.68 crore, NTPC (Rs 1,77,648.44 crore), Bharti Airtel (Rs 1,55,595 crore), MMTC (Rs 1,37,839 crore), SBI (Rs 1,18,665 crore), Bhel (Rs 1,06,466 crore), Infosys (Rs 91,766 crore) and ICICI Bank (Rs 82,459 crore).