6.9 C
New York
Thursday, February 25, 2021

Eight of top-10 valued firms lose Rs 1.11 lakh cr in market cap, ICICI, RIL worst hit

Must read

New Delhi:
Eight
of the 10 most
valued companies witnessed a total loss
of
Rs 1,11,799.05 crore
in their
market valuation last week, with
ICICI Bank and Reliance Industries Limited emerging as leading losers.

Tata Consultancy Services and HDFC Bank were the only gainers among the 10 most
valued listed
firms.

Last week, the BSE Sensex plummeted 1,110.13 points or 2.81 per cent amid a global sell-off and weak economic data.

The
market capitalisation
of
ICICI Bank tumbled
Rs 25,476.75 crore to
Rs 2,57,073.30 crore. The valuation
of Reliance Industries Limited (
RIL) tanked
Rs 24,216.53 crore to
Rs 13,16,947.89 crore.

HDFC’s
market
cap dropped by
Rs 20,150.82 crore to
Rs 3,17,321.63 crore and that
of Kotak Mahindra Bank by
Rs 17,642.8 crore to
Rs 2,72,815.29 crore.

The
market valuation
of ITC declined by
Rs 10,951.21 crore to
Rs 2,29,667.79 crore and
of Infosys by
Rs 6,643.75 crore to
Rs 3,91,544.91 crore. Hindustan Unilever’s
market
cap dipped by
Rs 6,471.69 crore to
Rs 4,99,186.72 crore.

Bharti Airtel’s valuation declined by
Rs 245.5 crore to
Rs 2,85,380.21 crore.

In contrast, TCS added
Rs 19,756.31 crore to its valuation at
Rs 8,59,202.29 crore. The valuation
of HDFC Bank rose by
Rs 2,641.5 crore to
Rs 6,16,240.17 crore.

In
top
10 list
of the most-
valued firm,
RIL topped the chart followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank,
ICICI Bank and ITC
in that order.

- Advertisement -

Latest article

Twitter sees revenue doubling in 2023, shares hit record high

Stock Markets8 minutes ago (Feb 25, 2021 12:35PM ET) ...

Blue Origin delays New Glenn rocket launch to 2022

Sports & General13 minutes ago (Feb 25, 2021 12:30PM ET) ...