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Three of top 10-cos add Rs 40,597 cr to m-cap

Three of top 10-cos add Rs 40,597 cr to m-cap

New Delhi, Apr 7 (PTI) Three of the 10 most valued firms together added Rs 40,597 crore in market valuation last week, with TCS emerging as the biggest gainer. From the top-10 pack, TCS, HDFC and Infosys saw gains to their market capitalisation (m-cap) for the week ended Friday, while Reliance Industries (RIL), ITC, HUL, HDFC, SBI, ICICI Bank, Kotak Mahindra Bank suffered losses. The cumulative gains of TCS, HDFC and Infosys were higher than the total loss suffered by the seven firms which stood at Rs 30,758.64 crore. The m-cap of TCS soared by Rs 19,155.92 crore to Rs 7,69,782.96 crore. HDFCs valuation surged Rs 15,346.61 crore to Rs 3,54,004.99 crore and that of Infosyss jumped Rs 6,094.66 crore to Rs 3,30,400.44 crore. In contrast, the m-cap of Hindustan Unilever Ltd (HUL) slumped by Rs 10,412.23 crore to Rs 3,59,275.99 crore. ICICI Banks valuation dived Rs 5,376.90 crore to Rs 2,51,729.21 crore and that of RILs tumbled Rs 5,039.26 crore to Rs 8,58,956.4 crore. The m-cap of HDFC Bank eroded by Rs 4,016.88 crore to Rs 6,26,837.10 crore and that of SBI dropped by Rs 3,391.35 crore to Rs 2,82,910 crore. ITC suffered an erosion of Rs 2,513.02 crore to Rs 3,61,200.58 crore, while Kotak Mahindra Banks valuation reduced by 82.09 crore to 2,54,783.55 crore. In the ranking of top-10 firms, RIL stood at number one position, followed by TCS, HDFC Bank, ITC, HUL, HDFC, Infosys, State Bank of India (SBI), Kotak Mahindra Bank and ICICI Bank. During the week, the Sensex advanced by 182.32 points, or 0.48 per cent and the Nifty gained 42.05 points, or 0.36 per cent. PTI VHP ABM MKJ SHWSHW