Country's top-10 cos add Rs 32,000cr in a week;ONGC gains most

Mumbai, July 5 (PTI) India's top-10 firms added Rs
32,000 crore to their market capitalisation last week, with
public sector oil firm Oil and Natural Gas Corp (ONGC)
contributing the major chunk.

ONGC added Rs 20,052 crore to its market-cap, taking the
total valuation to Rs 2,42,687 crore during the week ending
July 3. Shares of the company surged 9 per cent to settle at
Rs 1,134.65 on the BSE at the end of Friday’s trade.

The coveted club, which comprises of four private sector
and six public companies, added Rs 32,354 crore to their
market valuation to Rs 16,04,896 crore.

The total market-cap of the elite club stood at Rs
15,72,541 crore in the previous week.

The club saw five companies — ONGC, National Thermal
Power Corporation (NTPC), Bharti Airtel, Minerals and Metals
Trading Corp (MMTC) and State bank of India — added Rs 39,414
crore to their market-cap, respectively.

Meanwhile, the other five firm including — Reliance
Industries, National Mining Development Corp (NMDC), Bharat
Heavy Electricals (BHEL), Infosys Technologies and Larsen &
Toubro — lost Rs 7,060 crore in their market cap past week.

The country’s most-valued firm, RIL, lost Rs 441 crore
from its market valuation, which stood at Rs 3,18,832 crore at
the end of Friday’s trade. RIL had a market valuation of Rs
3,19,273 crore in the previous week.

Trading firm MMTC jumped to fourth place from fifth
adding Rs 6,228 crore, while private telecom services provider
Bharti Airtel slipped to fifth position from earlier fourth,
even after adding Rs 1,466 crore to its market cap.

At the end of the week, total market valuation of MMTC
stood at Rs 1,57,565 crore and Airtel at Rs 1,55,144 crore.

Mining firm NMDC lost Rs 4,024 crore from its market cap,
while SBI added Rs 3,917 crore.

The total market valuation of NMDC stood at Rs 1,42,947
crore and SBI at Rs 1,14,955 crore for the week ended July 3.

Power equipment supplier BHEL lost Rs 952 crore and IT
bellwether Infosys lost Rs 1,438 crore from their market cap.

The total market valuation of BHEL stood at Rs 1,06,816
crore and Infosys at Rs 1,03,202 crore.

Engineering and construction major Larsen & Toubro saw
its market value erode by Rs 205 crore to stand at Rs 94,251
crore.

However, despite the erosion in market value RIL has
retained its numero uno postion in the club of top 10 firms is
followed by ONGC (Rs 2,42,687 crore), NTPC (Rs 1,68,496
crore), MMTC (Rs 1,57,565 crore), Bharti Airtel (Rs 1,55,144
crore), NMDC (Rs 1,42,947.26 crore), SBI (Rs 1,14,955 crore),
Bhel (Rs 1,06,816 crore), Infosys (Rs 1,03,202 crore) and L&T
(Rs 94,251 crore). PTI AKH
AM
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