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Monday, October 5, 2009

8 top cos add Rs 53k cr in market cap


MUMBAI: Country's eight of the top 10 firms together added over Rs 53,000 crore to their market capitalisation last week, while two state-run firms - NTPC and NMDC - saw erosion in their valuation.

State-run trading firm MMTC gained the most and climbed to third slot from fourth. The firm added Rs 10,971.25 crore taking its total market valuation to Rs 1,79,822.5 crore. Shares of the company surged 6.67 per cent on the Bombay Stock Exchange to clo se at Rs 35,964.50 on Thursday.

There were only three trading sessions last as Monday was a holiday on account of Dusshera and Friday on Gandhi Jayanti. The market cap of Reliance Industries, swelled by Rs 6,397.78 crore taking the total to Rs 3,41,600.61 crore. Mukesh Ambani Group co mpany RIL had a market cap of Rs 3,35,202.83 crore as of September 26.

The total market cap of oil firm, ONGC rose by Rs 5,272.31 crore to reach Rs 2,52,803.74 crore. State power utility NTPC slipped to the fourth slot from third after losing Rs 1,814 crore from its market cap. The total market valuation of the company sto od at Rs 1,73,443.25 crore.

State-run NMDC lost Rs 475.77 crore from its market cap taking its total market valuation to Rs 1,40,925.26 crore. Meanwhile, private sector telecom services provider Bharti Airtel and SBI together added Rs 12,465.13 crore.

The total market valuation of Bharti Airtel stood at Rs 1,65,295.43 crore and SBI at Rs 1,40,302.13 crore. IT bellwether Infosys Technologies' total market capitalisation rose by Rs 4,670.74 crore to Rs 1,33,339.9 crore and leading outsourcing firm TCS a dded Rs 8,787.82 crore to its market cap taking its total market valuation to Rs 1,23,685.25 crore.

Power equipment maker BHEL added Rs 5,108.14 crore to its market cap taking the total to Rs 1,15,034.75 crore at the end of the week. Apart from top-10 coveted firms, private sector lender ICICI Bank and HDFC Bank together added Rs 11,106.89 crore to the ir market valuation.

At the end of week, total market cap of ICICI Bank stood at Rs 1,02,943.05 crore and HDFC Bank at Rs 70,217.38 crore. In the top-10 club, RIL is followed by ONGC (Rs 2,52,803.74 crore), MMTC (Rs 1,79,822.5 crore), NTPC (Rs 1,73,443.25 crore), Bharti Airt el (Rs 1,65,295.43 crore), NMDC (Rs 1,40,925.26 crore), SBI (Rs 1,40,302.13 crore), Infosys (Rs 1,33,339.9 crore), TCS (Rs 1,23,685.25 crore) and BHEL (Rs 1,15,034.75 crore), in that order. - PTI


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