Top-10 firms add Rs 29k cr in a week

The country's top 10 firms added Rs 29,000 crore to their market capitalisation last week.

The country’s top 10 firms added Rs 29,000 crore to their market capitalisation last week,with public sector trading firm MMTC contributing the major chunk.

State-owned MMTC jumped to the fourth place in the club of top 10 firms and added Rs 33,201 crore to its market capitalisation,taking the total valuation to Rs 1,71,040 crore during the week ending June 5.

Shares of the company surged 24 per cent to settle at Rs 34,208.05 on the BSE at the end of Friday’s trade.

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The top-10 coveted club,which comprises of four private sector and six public companies,added Rs 29,777 crore to their total market valuation to Rs 16,88,213 crore.

Last week,the total market cap of the companies stood at Rs 16,58,436 crore.

The country’s most-valued firm,Reliance Industries,lost Rs 10,332 crore from its market valuation last week,with its total market cap standing at Rs 3,48,101 crore at the end of Friday’s trade.

The company had a market valuation of Rs 3,58,433 crore in the previous week.

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Two state-run firms Oil and Natural Gas Corporation (ONGC) and public sector trading firm NTPC together added Rs 4,520 crore.

At the end of Friday’s trade,the market cap of ONGC stood at Rs 2,52,526 crore and NTPC at Rs 1,81,153 crore.

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