RIL’s Valuation Tanks the Most: Change in M-Caps of Big Boys Club Last Week

  • Economic Indicators News
RIL’s Valuation Tanks the Most: Change in M-Caps of Big Boys Club Last Week

By Malvika Gurung -- Benchmark domestic market indices made marginal gains last week, as the 30-scrip Sensex gained 0.34% and the broader index Nifty50 climbed 0.33%.

In the week, the wealth of the country’s most valuable company by market capitalization Reliance Industries (NS: RELI ) tumbled the most, wiping off a whopping Rs 62,100.95 crore of its market valuation.

Three of the top 10 most valued domestic companies recorded their collective market capitalization to erode by Rs 73,630.56 in the past week. These three companies include Reliance Industries, Hindustan Unilever (NS: HLL ) and ICICI Bank (NS: ICBK ).

The remaining 7 out of the 10 companies of the elite Big Boys club together gained Rs 49,441.05 crore, which was still lesser than the amount lost by the aforementioned three companies.

Here’s how the m-caps of the top 10 heavyweights varied in the past week.

  • RIL’s m-cap fell by Rs 73,630.56.
  • Tata Consultancy Services ' (NS: TCS ) valuation climbed by Rs 8,489 crore.
  • HDFC Bank's (NS: HDBK ) m-cap rose by Rs 91.72 crore.
  • Infosys ' (NS: INFY ) valuation jumped Rs Rs 15,172.88 crore.
  • Hindustan Unilever’s m-cap dipped by Rs 4,875.41 crore.
  • ICICI Bank’s valuation eroded off Rs 6,654.2 crore of its wealth.
  • Life Insurance Corporation's (NS: LIFI ) valuation shot up by Rs 9,519.12 crore.  
  • SBI's (NS: SBI ) m-cap zoomed Rs 11,200.38 crore.
  • HDFC's (NS: HDFC ) added Rs 3,924.46 crore.
  • Bharti Airtel 's (NS: BRTI ) valuation rose by Rs 1,043.49 crore.

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  • Krishna Kumar @Krishna Kumar
    After july 10th Ril will go up to 2800 ! Scundrels are managing the market
    Like 0

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