Seven of high 10 most valued corporations lose Rs 59,260 cr in cumulative market valuation


New Delhi, September 20

Seven of the highest 10 most valued home firms noticed a mixed erosion of Rs 59,259.58 crore of their market valuation final week, with Hindustan Unilever, HDFC Bank and Kotak Mahindra Bank rising as main laggards.

The seven corporations clocking losses of their market capitalisation (m-cap) have been Hindustan Unilever (HUL), HDFC Bank, Kotak Mahindra Bank, Reliance Industries, HDFC, ITC and ICICI Bank.

In distinction, Tata Consultancy Services (TCS), Infosys and Bharti Airtel noticed features of their valuation for the buying and selling week closed on Friday.

HUL’s m-cap plummeted Rs 14,320.54 crore to Rs 4,93,007.39 crore,  HDFC Bank’s valuation tumbled Rs 11,611.6 crore to Rs 5,81,900.65 crore and Kotak Mahindra Bank’s market value tanked Rs 10,205.11 crore to Rs 2,53,002.13 crore.

The market cap of RIL eroded by Rs 9,027.32 crore to Rs 15,58,987.77 crore and that of HDFC declined Rs 8,144.93 crore to Rs 3,09,076.75 crore.

ITC’s valuation fell by Rs 5,783.23 crore to Rs 2,20,500.76 crore and ICICI Bank’s m-cap dipped Rs 166.85 crore to Rs 2,55,082.88 crore.

On the opposite hand, TCS added Rs 28,912.12 crore to take its valuation to Rs 9,19,615.68 crore.

Tata Consultancy Services on Monday turned the second Indian firm to realize a market valuation of Rs 9 lakh crore after Reliance Industries.

The valuation of Infosys jumped by Rs 24,342.45 crore to Rs 4,27,025.67 crore and that of Bharti Airtel rose by Rs 2,755.05 crore to Rs 2,70,977.53 crore.

In the rating of high 10 firms by way of m-cap, RIL was ruling the chart adopted by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, ICICI Bank, Kotak Mahindra Bank and ITC.

During the final week, the BSE benchmark Sensex dropped 8.73 factors or 0.02 per cent. PTI 



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