July 14, 2024


The business lovers

Top 10 companies lose Rs 4.22 trillion in m-cap; TCS, RIL hit hard

The 10 most valued domestic companies missing a massive Rs 4,22,393.forty four crore in market capitalisation very last 7 days, with heavyweights TCS and RIL getting the greatest hit.

In a nerve-wracking 7 days for the marketplaces, the BSE Sensex plummeted three,473.14 details or nine.24 for every cent, mostly in tandem with world equities which were hammered by worry advertising amid the coronavirus pandemic.

The market capitalisation (m-cap) of TCS dropped by Rs one,sixteen,549.07 crore to access Rs six,seventy eight,168.49 crore for the 7 days ended Friday.

Reliance Industries’ m-cap plummeted Rs one,03,425.15 crore to Rs seven,01,693.fifty two crore.

Infosys was one more significant drag, with its valuation plunging Rs 41,315.ninety eight crore to Rs 2,73,505.62 crore.

HDFC Bank’s m-cap tanked Rs 34,919.fifty one crore to access Rs five,87,a hundred ninety.43 crore and that of Hindustan Unilever Minimal (HUL) tumbled Rs 33,208.35 crore to Rs 4,40,151.42 crore.

The valuation of Kotak Mahindra Lender declined Rs 30,931.one crore to Rs 2,81,237.seventy six crore and that of ICICI Lender fell Rs 25,098.fifty four crore to Rs 2,89,606.sixty nine crore.

Furthermore, Bajaj Finance witnessed a fall of Rs sixteen,320.81 crore in its m-cap to access Rs 2,37,989.09 crore.

Bharti Airtel experienced a decrease of Rs 13,611.62 crore in its valuation to stand at Rs 2,sixty nine,613.64 crore. The market-cap of HDFC fell by Rs seven,013.31 crore to Rs three,58,201.28 crore.

In the position of the 10 most valued firms, RIL remained at the top rated, followed by TCS, HDFC Lender, HUL, HDFC, ICICI Lender, Kotak Mahindra Lender, Infosys, Bharti Airtel and Bajaj Finance.