Market valuation of top 5 companies declines by Rs 38,969 crore

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Published: April 24, 2016 12:04 PM

The combined market valuation of five of the top-10 most valued Indian companies declined by Rs 38,969 crore last week, with IT major TCS taking the steepest hit.

equitas holdings, bse sensex, nse niftyThe m-cap of TCS tumbled Rs 20,876.69 crore to Rs 4,76,291.84 crore, emerging as the worst hit among the top-10 entities. (PTI)

The combined market valuation of five of the top-10 most valued Indian companies declined by Rs 38,969 crore last week, with IT major TCS taking the steepest hit.

While TCS, RIL, ITC, Sun Pharma and HUL suffered losses in their market capitalisation (m-cap) for the week ended Friday, Infosys, HDFC Bank, ONGC, CIL and HDFC made gains.

The m-cap of TCS tumbled Rs 20,876.69 crore to Rs 4,76,291.84 crore, emerging as the worst hit among the top-10 entities.

RIL’s valuation plunged Rs 8,651.8 crore to Rs 3,36,593.97 crore and that of ITC tanked Rs 4,224.79 crore to Rs 2,62,097.53 crore.

The m-cap of Sun Pharma declined by Rs 2,791.74 crore to Rs 1,97,382.93 crore and HUL lost Rs 2,423.61 crore to Rs 1,91,356.95 crore.

In stark contrast, Infosys saw a spurt of Rs 9,601.23 crore to Rs 2,78,814.63 crore in its valuation.

CIL added Rs 6,821.68 crore to Rs 1,81,753.39 crore and HDFC (Rs 2,875.31 crore to Rs 1,78,743.11 crore).

The m-cap of HDFC Bank went up by Rs 2,793.64 crore to Rs 2,76,153.81 crore and that of ONGC climbed Rs 2,694.98 crore to Rs 1,84,926.92 crore.

In the ranking of top-10 firms, TCS held on the pole position followed by RIL, Infosys, HDFC Bank, ITC, Sun Pharma, HUL, ONGC, CIL and HDFC.

Meanwhile, the Sensex extended its gains for the second straight week, surging 211 points to end at 25,838.14.

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