New Delhi: As many as 10 valued companies, including Mukesh Ambani’s Reliance Industries (RIL), witnessed their market capitalisation (MCap) or combined market valuation eroding by a hefty Rs 152,979.78 crore last week. The news agency PTI reported that the BSE benchmark index also fell by 885.12 points or 1.33 percent in the week.
The list of the big guns facing the significant loss also includes Tata Consultancy Services (TSC), Hindustan Uniliver, Bajaj Finance, ICICI Bank among others.
While RIL’s mcap recorded at Rs 1,555,531.53 crore after being tanked by Rs 34,876.78 crore, TCS’ market capitalisation sank by Rs 27,827.08 crore to Rs 1,278,564.03 crore, stated the report.
ICICI’s mcap dove Rs 13,518.4 crore to Rs 653,120.67 crore. Meanwhile, ITC Rs sank 12,533.27 crore to Rs 546,537.83 crore. Speaking of market valuation of Hindustan Uniliver, its mcap plunged to Rs 586,223.02 crore by Rs 18,103.6 crore, whereas Bajaj Finance’s dropped by Rs 17,171.75 crore to Rs 470,574.90 crore.
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The mcap of State of India (SBI) fell by Rs 10,387.09 crore to Rs 1,154,748.49 crore, while HDFC Bank’s valuation slipped by 10,387.09 crore to Rs 1,154,748.49 crore.
Market valuation of Infosys dropped by Rs 1,909.18 crore to Rs 592,342.82 crore; and that of Bharti Airtel fell Rs 5,139.88 crore to Rs 530,896.08 crore.
However, the Reliance Industries retained the most valued firm crown, which is then followed by TCS, HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever, ITC, Bharti Airtel, State Bank of India and Bajaj Finance.
