RIL regains crucial Rs 2 trillion mark capitalisation
Mumbai, Dec 14: Over 52,600 crore has got added to market valuation of the country's top ten firms as the bourses recovered last week. Reliance Industries Limited (RIL) has gained the most and regained the crucial Rs 2 trillion mark.
Comprising five public sector and five private sector entities, the combined market capitalisation of country gained Rs 52,621.06 crore last week at Rs 9,98,374.84 crore at the end of Friday's trading. The combined valuation of the elite club stood at Rs 9,45,753.78 crore a week ago.
After dabbling below the psychological Rs 2 trillion mark for six consecutive weeks, the country's most valued firm Reliance Industries regained its lost turf by adding Rs 29,524 crore to its valuation last week.
Mukesh Ambani-led RIL saw its market capitalisation rising to Rs 2,05,568 crore at the end of Friday's trade against a valuation of Rs 1,76,044 crore a week ago.
Leading cellular operator Bharti Airtel rose to the third place, adding Rs 10,820 crore in a week to its valuation. However, state-run NTPC dropped to the fourth spot despite a gain of Rs 3,092 crore last week.
Public sector ONGC and IT bellwether Infosys Technologies bucked the trend and lost a combined over Rs 3,400 crore. ONGC lost Rs 1,797 crore but kept in tact its second position with a valuation of Rs 138,267 crore.
Infosys' valuation eroded by Rs 1,620 crore and the IT major lost out the seventh slot to ITC.
In the coveted top 10 club, the PSU firms added Rs 11,627 crore last week while the private sector entities witnessed an addition of Rs 40,994 crore.
Country's largest lender State Bank of India added Rs 5,019 crore and retained the fifth slot with its market valuation at Rs 77,116 crore. Mining giant NMDC gained Rs 4,302 crore in the week.
On other hand, the biggest private sector lender ICICI Bank saw its valuation rising Rs 45,805 crore, up by Rs 5,900 crore. Also HDFC Bank saw its valuation rising to Rs 45,805.08 crore, thereby adding Rs 1,331.58 crore during the week.
RIL, the numero-uno in the list of the most valued firm, is followed by ONGC (Rs 2,05,568 crore), Bharti Airtel (Rs 1,37,107 crore), NTPC (Rs 1,36,050.09 crore), SBI (Rs 77,115.70 crore), BHEL (Rs 66,557.59 crore), ITC (Rs 65, 027.45 crore), Infosys (Rs 63,398.65 crore), NMDC (Rs 56,318.56 crore) and HUL (Rs 52,964.11 crore).