Seven of top 10 companies lose more than Rs 1 lakh CR in M-Cap

NEW DELHI: Seven of the top 10 domestic companies saw a combined erosion of Rs 1,07,566.64 crore from their market valuation last week, accounting for about half of the losses.

Last week, the 30-stock Sensex benchmark on BSE fell 849.74 points or 1.70 percent.

Alone

(TCS) and HDFC in the top 10 have seen their market capitalization increase.

The valuation of the major Reliance Industries Limited (RIL) index fell from Rs 55,565.21 crore to Rs 12.64,243.20 crore.

Bajaj Finance’s market capitalization plunged Rs 16,197.55 crore to Rs 3.12,327.04 crore and that of the State Bank of India (SBI) fell from Rs 12,494.45 crore to Rs 3.18,697.88 crore.

Kotak Mahindra Bank’s valuation plunged Rs 11,681.66 crore to Rs 3.51,272.18 crore and that of ICICI Bank declined Rs 5,467.63 crore to Rs 4.00 093.61 crore.

Infosys market cap fell from Rs 3,751.92 crore to Rs 5,69,352.11 crore.

The valuation of the HDFC bank eroded by Rs 2,408.22 crore to reach Rs 8,22,616.51 crore.

In contrast, Tata Consultancy Services added Rs 1,812.54 crore to bring its valuation to Rs 11.34,924.45 crore.

The valuation of Hindustan Unilever climbed from Rs 364.19 crore to Rs 5.43,924.22 crore and that of HDFC increased from Rs 62.77 crore to Rs 4.56,741.20 crore.

In the ranking of the 10 most valued companies, Reliance Industries led the chart, followed by TCS, HDFC Bank, Infosys, Hindustan Unilever, HDFC, ICICI Bank,

, SBI and Bajaj Finance.

Source