ICICI Bank, Religare lead 8 of 10 most valued firms to lose Rs 1.11 lakh cr in m-cap

By: |
September 6, 2020 10:53 AM

In contrast, TCS added Rs 19,756.31 crore to its valuation at Rs 8,59,202.29 crore. The valuation of HDFC Bank rose by Rs 2,641.5 crore to Rs 6,16,240.17 crore.

Bharti Airtel's valuation declined by Rs 245.5 crore to Rs 2,85,380.21 crore.Bharti Airtel’s valuation declined by Rs 245.5 crore to Rs 2,85,380.21 crore.

Eight of the 10 most valued companies witnessed a total loss of Rs 1,11,799.05 crore in their market valuation last week, with ICICI Bank and Reliance Industries Limited emerging as leading losers.

Tata Consultancy Services and HDFC Bank were the only gainers among the 10 most valued listed firms.

Last week, the BSE Sensex plummeted 1,110.13 points or 2.81 per cent amid a global sell-off and weak economic data.

The market capitalisation of ICICI Bank tumbled Rs 25,476.75 crore to Rs 2,57,073.30 crore. The valuation of Reliance Industries Limited (RIL) tanked Rs 24,216.53 crore to Rs 13,16,947.89 crore.

HDFC’s market cap dropped by Rs 20,150.82 crore to Rs 3,17,321.63 crore and that of Kotak Mahindra Bank by Rs 17,642.8 crore to Rs 2,72,815.29 crore.

The market valuation of ITC declined by Rs 10,951.21 crore to Rs 2,29,667.79 crore and of Infosys by Rs 6,643.75 crore to Rs 3,91,544.91 crore. Hindustan Unilever’s market cap dipped by Rs 6,471.69 crore to Rs 4,99,186.72 crore.

Bharti Airtel’s valuation declined by Rs 245.5 crore to Rs 2,85,380.21 crore.

In contrast, TCS added Rs 19,756.31 crore to its valuation at Rs 8,59,202.29 crore. The valuation of HDFC Bank rose by Rs 2,641.5 crore to Rs 6,16,240.17 crore.

In top 10 list of the most-valued firm, RIL topped the chart followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ICICI Bank and ITC in that order.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Lockdown crushes gold smuggling routes; illegal shipments may fall this much by year-end
2Stocks to watch: HCL Technologies, Route Mobile, Future Enterprises shares in focus on D-Street
3Equity Strategy: Activity at 90%+ of pre-crisis level