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L&T re-enters top 10 m-cap club, replaces ITC
Monday, 26 July 2010, 21:03 IST
Mumbai: The country's 10 most valued corporates added more than 
30,000 crore to their cumulative market capitalisation last week, which also saw the BSE Sensex closing above the 18,000-level for the first time in more than two-and-a-half-years.
A rally in the Larsen & Toubro (L&T) counter during the week helped the engineering major earn a space in the elite club, with a market capitalisation (m-cap) of 1,16,848.25 crore by pushing out the FMCG major ITC from the list. L&T secured the tenth place in the list of country's most valued corporates.
Larsen & Toubro scrip gained over 3 percent to settle at 1,937.30 on Friday on the Bombay Stock Exchange (BSE), whose benchmark index Sensex could manage only 1 per cent rise to end the week at 18,130.98 on Friday.
Corporate behemoth and market leader Reliance Industries lost 915.8 crore from its m-cap last week taking its market valuation to 3,46,744.32 crore. Oil explorer ONGC held the second position by adding a sum of 545.42 crore to its m-cap taking its total valuation to 2,69,069.85 crore and state-run power major NTPC at the third place added 2,927.14 crore to take its market valuation to Rs 1,66,393.38 crore.
Two IT firms -- TCS and Infosys Technologies -- together added 1,397.62 crore to their combined m-cap. TCS stood at the fourth place with a total m-cap of 1,64,111.22 crore, while Infosys came down to the fifth position with 1,59,650.37 crore m-cap.
State-run lender SBI at the sixth spot saw its valuation swell by 3,399.78 crore to 1,58,383.51 crore. Trading major MMTC added 13,140.25 crore to its valuation at 1,50,064.75 crore and stood at the seventh spot, while power producer BHEL at the eight spot witnessed an addition of 1,064.71 crore to 1,20,443.95 crore.
The country's top telco Bharti Airtel jumped to the ninth place from the earlier week's tenth position and added 5,696.28 crore to take its market valuation to 1,19,128.2 crore.
Source: PTI
30,000 crore to their cumulative market capitalisation last week, which also saw the BSE Sensex closing above the 18,000-level for the first time in more than two-and-a-half-years.
A rally in the Larsen & Toubro (L&T) counter during the week helped the engineering major earn a space in the elite club, with a market capitalisation (m-cap) of 1,16,848.25 crore by pushing out the FMCG major ITC from the list. L&T secured the tenth place in the list of country's most valued corporates.
Larsen & Toubro scrip gained over 3 percent to settle at 1,937.30 on Friday on the Bombay Stock Exchange (BSE), whose benchmark index Sensex could manage only 1 per cent rise to end the week at 18,130.98 on Friday.
Corporate behemoth and market leader Reliance Industries lost 915.8 crore from its m-cap last week taking its market valuation to 3,46,744.32 crore. Oil explorer ONGC held the second position by adding a sum of 545.42 crore to its m-cap taking its total valuation to 2,69,069.85 crore and state-run power major NTPC at the third place added 2,927.14 crore to take its market valuation to Rs 1,66,393.38 crore.
Two IT firms -- TCS and Infosys Technologies -- together added 1,397.62 crore to their combined m-cap. TCS stood at the fourth place with a total m-cap of 1,64,111.22 crore, while Infosys came down to the fifth position with 1,59,650.37 crore m-cap.
State-run lender SBI at the sixth spot saw its valuation swell by 3,399.78 crore to 1,58,383.51 crore. Trading major MMTC added 13,140.25 crore to its valuation at 1,50,064.75 crore and stood at the seventh spot, while power producer BHEL at the eight spot witnessed an addition of 1,064.71 crore to 1,20,443.95 crore.
The country's top telco Bharti Airtel jumped to the ninth place from the earlier week's tenth position and added 5,696.28 crore to take its market valuation to 1,19,128.2 crore.
Source: PTI