Top Nine Companies, Barring TCS, Lost Market Valuation

ITC took the sharpest hit as the combined market valuation of 9 of the top 10 most valued Indian companies plummeted by Rs 57,065.11 crore last week. While a week before that, top six companies had added Rs. 33,985 crores to the m-cap.

Only TCS remained untouched of the fall. The week before this one, TCS had also been among the list of the top six companies that had added the m-cap to the market. While on the week that ended on 11th September, TCS had been on the losing side where four of the top ten companies lost the combined market value of Rs. 40,779.97 crore so far, the highest in the month. On the beginning of the month, TCS had been on the losing side yet again.

Also, in the beginning, week of September, TCS’ weak revenue guidance made the top five IT firms’ market cap take a dip of Rs. 34,000 crore, along with TCS. The indication of probable sequential loss of momentum resulted in panic selling on 8th of September’s trade.

The top nine companies ITC, HUL, RIL, HDFC Bank, CIL, SBI, ONGC, Infosys, and HDFC, suffered losses in their market capitalization for the week ended Friday. ITC’s valuation plunged by Rs 14,883.32 crore to Rs 2,92,281.77 crore. ITC, Infosys, and HUL had also been on the losing side for the week ending 25th September. On the other hand, RIL, HDFC, HDFC Bank, ONGC and CIL gained the market cap in the total of Rs. 33, 985.46 crores. In the week ending on 11th September, ITC, HDFC, and CIL lost the market valuation while RIL, HDFC Bank, Infosys, ONGC, SBI and HUL stood proudly with the gain. RIL and CIL had been the losers in the week ending on September 4th as well while the other seven firms remained the gainers of market valuation.

Who Lost How Much:

• The m-cap of HDFC Bank slumped Rs 10,117.75 crore to Rs 3,23,728.24 crore.
•  HUL declined by Rs 9,198.16 crore to Rs 1,87,815.76 crore.
• RIIL‘s valuation tanked Rs 6,761.87 crore to Rs 3,50,936.37 crore a.
• Market Capital of HDFC diminished by Rs 4,939.04 crore to Rs 2,20,655.98 crore.
• The market cap of CIL dipped by Rs 3,916.15 crore to Rs 2,03,734.33 crore
• ONGC lost Rs 3,251.09 crore to Rs 2,19,619.43 crore.  
• SBI which saw an erosion of Rs 2,872.23 crore to Rs 1,94,612.82 crore.
•  Infosys too suffered a loss of Rs 1,125.5 crore to Rs 2,38,445.83 crore.
• ITC’s valuation plunged by Rs. 14,883.32 crore to Rs. 2,92,281.77 crore.

TCS added Rs 5,891.58 crore to Rs 4,78,262.27 crore in its m-cap. Regarding ranking and stood at number one position followed by RIL, HDFC Bank, ITC, Infosys, HDFC, ONGC, CIL, SBI and HUL. Over the past week, the BSE benchmark Sensex closed at 27,865.96, a heavy loss of 802.26 points or 2.80 per cent, Nifty closed at 8,611 with a little rise of 0.23 per cent.