1. Top 6 Sensex companies add Rs 26,346 cr in market capital

Top 6 Sensex companies add Rs 26,346 cr in market capital

The combined market valuation of top six Sensex companies surged by Rs 26,346 crore last week, with Reliance Industries and HDFC contributing the most to the gains.

By: | New Delhi | Published: September 13, 2015 1:11 PM
BSE Sensex

After touching a 15-month low on September 7, when Sensex lost 308.09 points to end the day at Rs 24,893.81 points, the 30-share barometer managed to recover the lost ground during the week even as volatility persisted. (Express Photo)

The combined market valuation of top six Sensex companies surged by Rs 26,346 crore last week, with Reliance Industries and HDFC contributing the most to the gains.

While RIL, HDFC, SBI, Infosys, HDFC Bank and ONGC saw gain in their market capitalisation or m-cap, TCS, ITC, Coal India and Sun Pharmaceutical — together witnessed a plunge of Rs 14,766 crore in their valuation.

After touching a 15-month low on September 7, when Sensex lost 308.09 points to end the day at Rs 24,893.81 points, the 30-share barometer managed to recover the lost ground during the week even as volatility persisted.

Finally, the BSE benchmark closed at above the 25,000 mark on Friday.

Private industries led the pact of gainers as RIL’s valuation jumped by Rs 8,265.24 crore to touch Rs 2,78,845 crore followed by HDFC that rose by Rs 5,146 crore to Rs 1,85,184 crore.

Country’s largest lender, State Bank of India (SBI) saw a growth of Rs 3,860 crore in m-cap to Rs 1,74,136 crore, while private sector lender HDFC Bank gained Rs 2,970 crore in its valuation to Rs 2,53,593 crore.

State-run ONGC witnessed an increase of Rs 2,224.42 crore in valuation to Rs 1,95,236 crore. In case of IT giant Infosys, the m-cap climbed by Rs 3,882 crore to Rs 2,50,528 crore.

Coal India took the biggest loss in m-cap as the valuation of the miner dropped by Rs 8,148 crore to Rs 2,10,872 crore.

The market capitalisation of drug maker Sun Pharma fell by Rs 3,116 crore to Rs 2,03,488 crore, while that of ITC declined by Rs 2,728 crore to Rs 2,51,173 crore.

The country’s largest software exporter Tata Consultancy Services’ valuation lost Rs 774 crore to Rs 4,98,594 crore.

In terms of ranking — TCS took the lead, followed by RIL, HDFC Bank, ITC, Infosys, Coal India, Sun Pharma, ONGC, HDFC and SBI.

Tags: BSE Sensex
  1. H
    Harry Potter
    Sep 15, 2015 at 11:54 am
    Today's Sep 15 2015, trade at 12:09 pm L&T down by 2.5 percent. Thanks to Modi-Wave, steepest rise in LnT stock in last 5 years is from Rs 722 (Aug 30, 2013) to Rs 1745 (July 4,2 014) apiece, a big cushion (shock absorption) of nearly Rs 1000 per share . LnT top-bres were on selling spree, leading the pack Chairman Mr Naik sold his LnT shares (Rs 1200 apiece) worth 70 crores in 20 days - March 2014. Post Q1-2014 results LnT plunged by 8 %, biggest intraday decline since July 2009. Post Q2 results LnT share plummeted from high of 1673 to low of 1450 (17 Dec, 2014). Post Q3 - 2014 results another big intra-day fall of 7.44 per cent. Post Q1 2015 stumbled by 5 per cent in early hours trade, Q1 profit tanked 37 per cent. Average lows of last 12 years (Jan to Dec, 2004 till 2012) Rs 622. Average of peaks (highs) of last 12 years (Jan to Dec, 2004 till 2012) is Rs 1124 apiece. Average of valleys (lows) of last 12 years (Sep 4 as reference day) is Rs 900 apiece. G Average of above three numbers is Rs 882 apiece. Some inherent malignancies in businesses – Hydrocarbon and Ship Building losses of Rs 900 cr each, Hyderabad Metro cost overruns Rs 4k crores, Rs5k crores stagnating investment in Defence. Very expensive, old and aging CXO/MD potion of septuagenarians, leading the pack 73 yrs old Junior Engineer turned Executive Chairman Mr Naik has completed 50 yrs with same company. Would it hit 3 year low 722 post Q2-2015 results?
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