Business » Markets

Updated: May 29, 2011 11:45 IST

Five of top 10 companies add over Rs 35,000 cr in m-cap, CIL top gainer

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A file picture of Coal India Chairman P.S. Bhattacharya. Photo: Paul Noronha.
The Hindu A file picture of Coal India Chairman P.S. Bhattacharya. Photo: Paul Noronha.

The combined market capitalisation (m-cap) of five of the country’s top-10 firms grew by Rs 35,237.57 crore during last week, with Coal India emerging as the second most valued company after Reliance Industries.

The race for the second spot continued between Coal India and ONGC in the past week as well, as the former surpassed the latter to emerge as the country’s most valued public sector firm with a market cap of Rs 2,45,232.68 crore.

Earlier, on May 17, 2011, Coal India surpassed ONGC. But, ONGC managed to regain the coveted spot on May 20.

However, in the week gone by, CIL once again replaced ONGC from the second position as the oil and gas major slipped to third place.

The market cap of Coal India Ltd (CIL) advanced by Rs 14,022.32 crore to Rs 2,45,232.68 crore in the week gone by.

ONGC added Rs 7,657.15 crore to its market cap which stood at Rs 2,42,120.08 crore as the state-owned firm slipped to the third spot in the coveted list.

Corporate major Reliance Industries held its numero-uno position as its m-cap surged by Rs 8,151.22 crore to Rs 3,09,778.88 crore.

Private sector firms, ITC and ICICI Bank, too, witnessed addition in their respective m-cap. The market cap of ITC jumped by Rs 2,553.57 crore to Rs 1,46,327.47 crore, while that of ICICI Bank shot up by Rs 2,853.31 crore to Rs 1,23,149.87 crore.

In contrast, TCS, Infosys Technologies, SBI, Bharti airtel and NTPC suffered losses in their respective m-cap last week.

IT bellwethers - TCS and Infosys Technologies - together lost Rs 10,434.54 crore from their cumulative market cap. The m-cap of TCS stood at Rs 2,23,404.59 crore, while that of Infosys was at Rs 1,60,067.36 crore.

Top lender SBI’s market valuation dipped by Rs 5,559.33 crore to Rs 1,41,888.52 crore, while that of power producer NTPC’s valuation slipped by Rs 3,710.46 crore to Rs 1,39,224.59 crore.

Telecom giant Bharti airtel also witnessed a dip of Rs 550.64 crore from its market valuation which stood at Rs 1,41,362.68 crore.

In the week gone by, the BSE key index Sensex fell by 59.99 points, or 0.32 per cent, to settle at 18,266.10.


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