Four Of Top 10 Firms Suffer A Loss Of Rs 55,682 Crore In Market Capitalisation Last Week; TCS, HUL Biggest Losers

Four among the top 10 most valued firms last week suffered a combined loss of Rs 55,681.8 crore in market capitalisation (m-cap), reports Livemint. Tata Consultancy Services (TCS) and Hindustan Unilever Limited (HUL) bore the worst fall.

Other than TCS and HUL, Reliance Industries Limited (RIL) and ITC also took a drop in their market valuation as the week ended on Friday (8 November).

While TCS had an erosion of Rs 26,900.6 crore to Rs 6,22,401.90 crore, HUL’s m-cap value dropped Rs 20,230.2 crore to Rs 4,51,633.92 crore, as they lost the most in the week.

RIL’s current m-cap valuation is at Rs 9,16,230.34 crore after a hit of Rs 7,383.37 crore. ITC’s valuation tumbled Rs 1,013.61 crore to Rs 3,20,032.38 crore.

Among the gainers were ICICI Bank, HDFC Ltd, HDFC Bank, Infosys, Kotak Mahindra Bank and SBI, giving some relief to the market. However, their total gain of Rs 54,875.04 was less than the total loss by four top companies.

In the gaining camp, ICICI Bank topped with a jump of Rs 17,760.52 crore and stood at Rs 3,16,295.56 crore, while HDFC Ltd was a little behind with a surge of Rs 17,594.97 crore reaching Rs 3,85,129.55 crore.

HDFC Bank too gained Rs 7,854.78 crore to stand at Rs 6,86,786.97 crore. Infosys reached a total valuation of Rs 3,04,282.28 crore by adding Rs 5,747.24 crore, where as Kotak Mahindra Bank’s total m-cap is at 3,05,657.59 crore with a rise of Rs 3,820.24 crore.

State Bank of India was also among the gainers with a hike of Rs 2,097.29 crore standing at Rs 2,81,883.86 crore by the end of the week.

Among the top 10 companies, RIL stood at number one place followed by TCS, HDFC Bank, HUL, HDFC, ITC, ICICI Bank, Kotak Mahindra Bank, Infosys and SBI.