The Hindu Business Line : Top 10 cos add Rs 37k cr in a week

MUMBAI: The country's 10 most valued firms continued their gaining streak by adding over Rs 37,000 crore to their market capitalisation last week, with the state-run ONGC accounting for over one-third of the total gain.

The Oil and Natural Gas Corp (ONGC) added Rs 10,502 crore last week to its valuation, after its shares surged nearly 7 per cent on the Bombay Stock Exchange.

At the end of Friday's trade, the country's most valued PSU entity ONGC's market cap stood at Rs 1,61,495 crore, against Rs 1,50,994 crore a week ago.

The elite club of top-10 firms, comprising four private entities and six public sector companies, gained Rs 37,212 crore during last week, taking the total valuation to Rs 10,24,177 crore.

In the previous week, the valuation of the club was at Rs 9,86,966 crore. Mukesh Ambani-led Reliance Industries, the country's most valued firm, added Rs 8,845 crore to its valuation.

At the end of Friday's trade, RIL had a market cap of Rs 2,10,661 crore. The shuffling in the premier club saw state run MMTC replacing BHEL at the sixth spot.

MMTC rose one spot after adding Rs 4,983 crore to its valuation, while BHEL moved down by a notch to the seventh despite adding Rs 284 crore. - PTI

Next: Rupee ends 25 paise lower at 50.63/64

Business Line | NUS Index |

Copyright copy; 2009, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line