Top 10 cos add Rs 20k cr in a week; ONGC most valued PSU
http://economictimes.indiatimes.com/articleshow/4266709.cms
15 Mar 2009, 1330 hrs IST, PTI
MUMBAI: The country's 10 most valued firms witnessed an addition of nearly Rs 20,000 crore in their market valuation last week, with ONGC toppling Beware of the 'penny stocks' power producer NTPC as the most valued state-run entity.

State-run oil producer ONGC added Rs 6,951 crore last week to clinch the second place in the elite club, replacing NTPC, which lost Rs 5,483 crore to skid to the third spot.

During the week, shares of ONGC surged five per cent on the Bombay Stock Exchange taking its market capitalisation to Rs 1,50,994 crore. While, scrip of NTPC dipped four per cent dragging its valuation down to Rs 1,40,338 crore.

The coveted club of top 10 firms, which comprises four private entities and six public sector companies, gained Rs 19,763 crore during the last week with total valuation of Rs 9,86,966 crore.
In the previous week, the valuation of the club stood at Rs 9,67,202 crore.

Mukesh Ambani-led Reliance Industries regained its Rs trillion turf in valuation by adding Rs 17,595 crore last week. RIL scrip surged by 10 per cent during the week on BSE, taking its valuation to Rs 2,01,816 crore from Rs 1,84,221 crore in the previous week.

Amid the domestic bourses witnessing some rally last week, only two firms -- NTPC and Bharti Airtel-- among the top 10 most valued firms witnessed a combined erosion of Rs 13,731 crore from their valuation.

Power equipment maker BHEL rose to the sixth spot by adding Rs 3,011 crore, while PSU trading firm MMTC dropped to seventh slot despite adding Rs 300 crore to its market cap.

Private telecom services provider Bharti Airtel, which lost Rs 8,248 crore from its valuation last week, stood at the fourth place. Besides, IT bellwether Infosys Technologies added Rs 4,418 crore to its market cap.

Diversified conglomerate ITC added Rs 226 crore to its valuation while the market cap of two state-run firms, SBI and NMDC, rose by Rs 775 crore and Rs 218 crore, respectively.

Apart from the top 10 most valued firms, two private sector lenders ICICI Bank and HDFC Bank together added Rs 5,809 crore to their valuation last week.

While, ICICI Bank saw its market cap surge by Rs 4,386 crore to Rs 34,366 crore, HDFC Bank added Rs 1,423 crore to Rs 57,210 crore at the end of trade on Friday last week.

RIL, the numero-uno in the list, is followed by ONGC (Rs 1,50,994 crore), NTPC (Rs 1,40,338 crore), Bharti Airtel (Rs 1,06,054 crore), Infosys (Rs 74,234 crore), Bhel (Rs 67,265 crore), MMTC (Rs 66,140 crore), ITC (Rs 62,408 crore), SBI (Rs 60,507 crore), NMDC (Rs 57,211crore).