Big Boys Club: RIL Records Steepest M-Cap Erosion, HUL Gains Most; Figures

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Big Boys Club: RIL Records Steepest M-Cap Erosion, HUL Gains Most; Figures
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The past week observed high volatility, with domestic equities recording heavy sell-offs on Friday alone after the US Fed announced a 75 bps interest rate hike on Wednesday and iterated an ultra-hawkish monetary tightening policy going ahead to tame decades-high inflation.

Indian equity benchmark indices ended deep in red on Friday, Nifty50 down 1.72% and Sensex crashing 1,020.8 points or 1.73%.

The country’s top 10 most valued companies lost their combined valuation by Rs 1,34,139.14 crore in the week, with the market capitalizations of 7 giants eroding away.

The wealth of oil-to-telecom conglomerate Reliance Industries (NS: RELI ) witnessed the biggest drop, followed by the largest private sector lender HDFC Bank (NS: HDBK ) and the Adani (NS: APSE ) Group power transmission giant Adani Transmission (NS: ADAI ).

The FMCG behemoth Hindustan Unilever (NS: HLL ), Bajaj Finance (NS: BJFN ) and ITC (NS: ITC ) were the only three companies in the top 10 list that gained valuations last week. 

Here’s how the m-caps of giants of the elite Big Boys club performed in the past week.

  • RIL’s m-cap plunged by Rs 40,558.3 crore.
  • TCS' (NS: TCS ) valuation slipped by Rs 9,458.65 crore.
  • HDFC Bank’s m-cap tanked by Rs 25,544.9 crore.
  • Hindustan Unilever’s m-cap rallied by Rs 35,467.1 crore.
  • ICICI Bank's (NS: ICBK ) valuation tanked by Rs 18,147.5 crore.
  • Infosys ' (NS: INFY ) valuation declined by Rs 5,848.8 crore
  • SBI's (NS: SBI ) m-cap fell by Rs 9,950.9 crore.
  • Bajaj Finance’s valuation surged by Rs 13,128.7 crore.
  • Adani Transmission lost Rs 24,630.1 crore of its wealth.
  • ITC’s valuation jumped by Rs 20,381.6 crore.

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  • Rajesh Sivadasan @Rajesh Sivadasan
    So what's the big deal, it's cyclic. When the market goes down this happens and when the market is up opposite will happen. It's commonsense, right?
    Like 0

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