Extending their gains of the past two weeks,country’s 10 most valued firms added over Rs 91,000 crore to their market capitalisation last week with Reliance Industries alone accounting for over one-third of the total gain.
The most valued firm of the country Reliance Industries added Rs 32,963 crore to its valuation last week. Shares of RIL surged nearly 16 per cent on the Bombay Stock Exchange,amid the broader market witnessing a counter rally in bear market.
At the end of the Friday’s trade,the valuation of Mukesh Ambani-led RIL stood at Rs 2,43,624 crore,against Rs 2,10,661 crore a week ago.
The top-10 firms,comprising four private and six public sector entities,added Rs 91,480 crore last week,taking the total market cap of the elite club to Rs 11,15,658 crore.
In the previous week,the valuation of the club was at Rs 10,24,177 crore.
Two state-run companies– oil major Oil and Natural Gas Corp (ONGC) and power utility NTPC– added Rs 11,325 crore and Rs 3,710 crore respectively to their valuation last week.
At the end of Friday’s trade,ONGC remained the most valued PSU firm with a market cap of Rs 1,72,821 crore,while NTPC was valued at Rs 1,50,109 crore.