Seven blue-chip companies add Rs 81,554 crore in value
MUMBAI: The combined market valuation of seven of the top 10 Sensex companies advanced by Rs 81,554 crore last week, with state-run ONGC and Coal India emerging as the biggest gainers.
While the market capitalization of Reliance Industries, ITC, ONGC, Coal India, HDFC Bank, Bharti Airtel and HDFC increased, TCS, Infosys and Hindustan Unilever saw a decline.
TCS topped the list with a market value of Rs 3,89,007 crore at the end of last week, during which the benchmark S&P BSE Sensex gained 650.34 points, or 3.49 per cent, to 19,270.06.
The market cap of energy major ONGC spurted by Rs 34,093 crore to Rs 2,47,381 crore. Coal India (CIL) added Rs 17,023 crore to take its market value to Rs 1,75,247 crore.
Mortgage lender HDFC’s value climbed Rs 6,880 crore to Rs 1,18,458 crore, while that of ITC jumped Rs 6,872 crore to Rs 2,50,317 crore.
Bharti Airtel saw its value surge Rs 5,996 crore to Rs 1,25,338 crore and the m-cap of HDFC Bank rose Rs 5,437 crore to Rs 1,47,317 crore. Reliance Industries added Rs 5,253 crore to Rs 2,80,265 crore.
In contrast, the market valuation of TCS skidded by Rs 6,968 crore to Rs 3,89,007 crore, while Infosys slipped Rs 4,562 crore to Rs 1,73,468 crore.
FMCG major Hindustan Unilever’s value narrowed by Rs 2,451 crore to Rs 1,33,471 crore.
In the ranking of top-10 firms, TCS stood at number one, followed by Reliance Industries, ITC, ONGC, Coal India, Infosys, HDFC Bank, Hindustan Unilever, Bharti and HDFC.
Source: Times of India