Five of top 10 companies added Rs 28,667.55 crore to their combined market value, with public sector trading major MMTC gaining the most last week, when the benchmark Sensex fell below physchological 18,000-level after scaling it for the first time in 30 months the previous week.
Trading major MMTC stole the show and jumped to the third place from earlier week's seventh position by adding Rs 24,100.25 crore to take its market capitalisation taking its total value to Rs 1,74,165 crore for the week ended July 30. During the week, it reported a nearly 34 per cent rise in profit to Rs 55.23 crore for the quarter ended June 30.
Another major reason for this surge was the fact that MMTC received shareholders approval for splitting its share with a face value of Rs 10 into 10 scrips of Re 1 each and issuing one-to-one bonus shares.
Reliance Industries, the country's most valuable firm, once again ruled the chart, even though it lost Rs 16,479.93 crore from its m-cap taking its market valuation to Rs 3,30,264.39 crore following an announcement that the company will not increase production from its KG-D6 wells before the ongoing safety checks are complete.
Though the largest company reported its best-ever quarterly profit and revenue growth on July 26 (after the market hours), the investors dumped RIL shares on Tuesday and the share plunged over 3 per cent and more than 1 per cent the next day. Since the Q1 results on Monday evening, the RIL nearly fell 4.5 per cent.
Energy giant ONGC, at the second place, saw an erosion of Rs 3,304.56 crore from its m-cap to Rs 2,65,765.29 crore, following a poor result on Friday, which was because of a more than expected subsidy payout.
IT majors TCS and Infosys together added Rs 910.6 crore to their combined market capitalisation. TCS remained at the fourth place with an m-cap of Rs 1,64,620.09 crore, while Infosys slipped to the sixth spot from the previous week's fifth position with an m-cap of Rs 1,60,052 crore during the wek under review.
State-run power major NTPC also saw a value erosion of Rs 2,638.54 crore from its m-cap and fell to the fifth slot. NTPC finished the week with a total m-cap of Rs 1,63,754.84 crore.
The country's largest lender SBI added Rs 577.74 crore to Rs 1,58,961.25, but settled the week a notch down at seven.
Power equipment company BHEL, at the eighth place, lost Rs 1,054.92 crore taking its total market valuation to Rs 1,19,389 crore.
FMCG major ITC pushed engineering honcho Larsen & Toubro (L&T) out of the top-10 club to secure the ninth position in list. ITC gained Rs 3,078.96 crore to see its valuation swelling to Rs 1,18,090.7 crore. Top telco Bharti Airtel finished last and lost Rs 2,582.31 crore taking its m-cap to Rs 1,16,545.89 crore.
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