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ITC, Hindustan Unilever, 2 Other Firms Lose Rs. 30,339 Crore Market Value In A Week
Cumulative market valuation of four of the 10 most valued companies dropped by Rs. 30,339.17 crore this week, with FMCG major ITC taking the steepest hit. While ITC, Hindustan Unilever Ltd (HUL), SBI and IOC saw losses in their m-cap for the week, the valuations of Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, HDFC, Maruti Suzuki and ONGC rose, but their combined gain
Cumulative market valuation of four of the 10 most valued companies dropped by Rs. 30,339.17 crore this week, with FMCG major ITC taking the steepest hit. While ITC, Hindustan Unilever Ltd (HUL), SBI and IOC saw losses in their m-cap for the week, the valuations of Reliance Industries Ltd (RIL), Tata Consultancy Services (TCS), HDFC Bank, HDFC, Maruti Suzuki and ONGC rose, but their combined gain of Rs. 26,099.02 crore was less than the total loss suffered by the four firms. The market capitalisation, or M-Cap, of ITC slumped by Rs. 13,581.05 crore to Rs. 3,31,852.44 crore, taking the steepest hit.
The market valuation of IOC tanked by Rs. 9,857.49 crore to Rs. 2,07,784.17 crore while that of SBI declined by Rs. 4,963.43 crore to Rs. 2,34,748.61 crore.
The M-Cap of HUL dipped by Rs. 1,937.2 crore to Rs. 2,61,198.36 crore.
In contrast, Reliance Industries Ltd (RIL) saw its valuation soar by Rs. 8,164.93 crore to Rs. 5,31,509.65 crore. HDFC Bank's M-Cap jumped by Rs. 6,164.78 crore to Rs. 4,61,553.05 crore while that of Maruti Suzuki India advanced by Rs. 4,836.3 crore to Rs. 2,40,842.39 crore.
The valuation of HDFC surged by Rs. 3,035.5 crore to Rs. 2,83,353.07 crore while that of ONGC rose by Rs. 2,567.08 crore to Rs. 2,07,770.08 crore.
The M-Cap of Tata Consultancy Services (TCS) went up by Rs. 1,330.43 crore to Rs. 4,72,857.75 crore.
In the ranking of the top 10 firms, RIL remained the country's most valued company, followed by TCS, HDFC Bank, ITC, HDFC, HUL, Maruti, SBI, IOC and ONGC.
The Sensex has recorded its first weekly drop in four, losing 204.71 points, or 0.64 per cent, while the Nifty lost 39.60 points, or 0.39 per cent.
