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Dec 22, 2014

TCS, 7 Others Add Rs 55,171 Crore to Market Value

New Delhi: Led by Tata Consultancy Services (TCS) and Oil & Natural Gas Corp (ONGC), eight of the ten most valued companies added a combined Rs 55,171 crore to their market valuations in the week to December 19.
Only two stocks - ITC and State Bank of India (SBI) - saw a fall in their market capitalisation last week, while TCS, ONGC, Reliance Industries Ltd (RIL), Coal India Ltd (CIL) and four others gained.
TCS, the country's biggest software services exporter, added Rs 10,430.23 crore to its market capitalisation, or M-Cap, which was Rs 4,91,435.06 crore at Friday's close.
Energy giant ONGC's value climbed by Rs 10,566.03 crore to Rs 2,98,843.27 crore - the largest gain among top 10 firms.
The M-Cap of HDFC surged by Rs 7,351.76 crore to Rs 1,75,258.76 crore, while that of Infosys jumped by Rs 7,206.67 crore to Rs 2,29,912.68 crore.
CIL's market value moved up by Rs 7,074.33 crore to Rs 2,37,842.70 crore, while that of RIL rose by Rs 5,370.22 crore to Rs 2,91,204.72 crore.
Similarly, the valuation of ICICI Bank rose by Rs 5,130.01 crore to Rs 2,05,800.20 crore.
On the other hand, ITC's M-Cap plunged by Rs 20,885.41 crore to Rs 2,95,111.33 crore while SBI lost Rs 5,263.34 crore in its market value, taking its M-Cap to Rs 2,27,144.86 crore.
TCS headed the list of top ten firms, followed by ONGC, ITC, RIL, CIL, Infosys, HDFC Bank, SBI, ICICI Bank and HDFC.

Over the past week, the BSE benchmark Sensex ended with a mild gain of 21.16 points at 27,371.84.

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