Sunday, February 21, 2010

top-10 companies lose Rs 36k crore in a week; Airtel major loser

In a volatile session past week, six out of the top-10 firms lost nearly Rs 36,000 crore from their market capitalisation, telecom major Bharti Airtel losing the major pie from its valuation.

Besides, four companies who buck the falling trend are - ONGC, TCS, Infosys and BHEL, which added Rs 6,295.94 crore to their market capitalisation for the week ended February 20.

Bharti Airtel, which slipped to the 10th spot from the previous week's ninth position saw its valuation plunging by Rs 13,717.66 crore, taking its total market cap to Rs 1,05,658.76 crore. The company is in race to acquire South Africa-based Zain Telecom for USD 9 billion.

Shares of Bharti Airtel lost 11.49 per cent to close at Rs 278.25 on the Bombay Stock Exchange at the end of Friday's trade.

During the week the 30-share index Sensex gained 39 points or 0.24 per cent to close at 16,191.63 points on BSE.

Mukesh Ambani-led Reliance Industries maintained its numero-uno position in the list even after losing Rs 9,712.52 crore from its valuation, taking its total m-cap to Rs 3,21,870.42 crore

Next to RIL is state-run oil firm ONGC which added Rs 1,165.68 crore to its valuation, while mining major NMDC stood at the third spot with its m-cap plunging by Rs 10,764.16 crore.

ONGC's valuation rose to Rs 2,36,484.16 crore while NMDC m-cap declined to Rs 1,81,702 crore.

Two state-run firms - NMDC and MMTC together lost Rs 10,968.41 crore from their valuation.

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