Top-4 scrips’ mcap falls by Rs 56,006 cr
HDFC twins take a biggest hit
image for illustrative purpose
New Delhi: Four of the top 10 valued firms together lost Rs 56,006.15 crore in market valuation last week, with HDFC twins taking the biggest hit.
Last week, the 30-share BSE benchmark fell by 58.15 points or 0.09 per cent. While HDFC Bank, State Bank of India, HDFC and Bharti Airtel faced erosion in their valuation, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever Limited, ITC and Infosys were the gainers, with a combined addition of Rs 44,540.05 crore in their market capitalisation (mcap).
Shares of HDFC twins fell sharply on Friday amid reports that the merged HDFC entity could see significant fund outflow. The valuation of HDFC Bank tumbled Rs 34,547.61 crore to Rs 9,07,505.07 crore, the most among the top 10 firms. HDFC's mcap eroded by Rs 13,584.9 crore to Rs 4,95,541.41 crore and that of Bharti Airtel fell by Rs 6,356.46 crore to Rs 4,39,153.22 crore.
The market capitalisation of State Bank of India declined by Rs 1,517.18 crore to Rs 5,14,370.01 crore. However, Reliance Industries added Rs 14,279.06 crore, taking its valuation to Rs 16,51,687.33 crore. The mcap of Hindustan Unilever jumped Rs 10,949.09 crore to Rs 5,87,632.77 crore and that of ICICI Bank climbed Rs 6,583.1 crore to Rs 6,47,532.81 crore.
