Top 10 cos add Rs 91,000 cr in a week; RIL leads pack

29 Mar 2009

MUMBAI: Extending their gains of the past two weeks, country's 10 most valued firms added over Rs 91,000 crore to their market capitalisation last week with Reliance Industries alone accounting for over one-third of the total gain.

The most valued firm of the country Reliance Industries added Rs 32,963 crore to its valuation last week. Shares of RIL surged nearly 16 per cent on the Bombay Stock Exchange, amid the broader market witnessing a counter rally in bear market.

At the end of the Friday's trade, the valuation of Mukesh Ambani-led RIL stood at Rs 2,43,624 crore, against Rs 2,10,661 crore a week ago.

The top-10 firms, comprising four private and six public sector entities, added Rs 91,480 crore last week, taking the total market cap of the elite club to Rs 11,15,658 crore.

In the previous week, the valuation of the club was at Rs 10,24,177 crore.

Two state-run companies-- oil major Oil and Natural Gas Corp (ONGC) and power utility NTPC-- added Rs 11,325 crore and Rs 3,710 crore respectively to their valuation last week.

At the end of Friday's trade, ONGC remained the most valued PSU firm with a market cap of Rs 1,72,821 crore, while NTPC was valued at Rs 1,50,109 crore.

The rejig in the premier club saw power equipment maker BHEL replacing trading firm MMTC at the sixth place. BHEL rose one spot in the club, after adding Rs 8,395 crore to its valuation, while MMTC moved down by a notch to the seventh despite adding Rs 1,700 crore.

Telecom services provider Bharti Airtel and IT bellwether Infosys Technologies added Rs 10,042 crore and Rs 2,853 crore respectively to their market cap last week.

Country's largest lender State Bank of India rose one spot to eighth, after adding Rs 10,907 crore to its valuation, replacing diversified conglomerate ITC, which slipped to ninth place even after adding Rs 6,472 crore last week.

Mining giant NMDC added Rs 3,112 crore in its valuation taking its market cap to Rs 63,197 crore at the end of trade last week.

Apart from the top 10 most valued firms, two private- sector lenders, ICICI Bank and HDFC Bank, together added Rs 13,696 crore to their valuation last week.

While, ICICI Bank saw its market cap surge by Rs 6,936 crore to Rs 42,883 crore, HDFC Bank added Rs 6,760 crore to Rs 42,393 crore at the end of trade on Friday last week.

RIL, the numero-uno in the list, is followed by ONGC (Rs 1,72,821 crore), NTPC (Rs 1,50,109 crore), Bharti Airtel (Rs 1,18,108 crore), Infosys (Rs 77,144 crore), BHEL (Rs 75,944 crore), MMTC (Rs 72,822 crore), SBI (Rs 71,446 crore), ITC (Rs 70,442 crore), NMDC (Rs 63,197 crore).