Jan 28, 2013, 08.55 AM | Source: PTI
Helped by a smart upmove in the value of FMCG major ITC, the combined market capitalisation (m-cap) of top seven Sensex companies surged Rs 25,323 crore last week.
Three companies - TCS , Coal India and ICICI Bank - saw decline in their market cap. On the other hand seven firms, including RIL, ONGC and ITC witnessed rise in their value in an overall positive stock market.
Diversified group ITC's market value jumped Rs 9,770 crore to Rs 2,35,915 crore. Shares of the company had gained over 4 per cent last week.
ITC had on January 18 declared its earnings where its net profit rose by 20.62 per cent to Rs 2,051.85 crore for the third quarter ended December 31, 2012, on the back of robust sales in cigarettes, agri and paper businesses.
After ITC, RIL was the second biggest gainer in the list of top-10 companies as its m-cap moved up by Rs 4,190 crore to Rs 2,95,048 crore.
Bharti Airtel's value soared Rs 4,159 crore to Rs 1,36,559 crore, while ONGC added Rs 2,995 crore to Rs 2,91,742 crore in m-cap.
The value of SBI climbed Rs 1,480 crore to Rs 1,68,650 crore, while Infosys saw its value spurt by Rs 1,427 crore to Rs 1,61,627crore. HDFC Bank's m-cap zoomed Rs 1,302 crore to Rs 1,57,255 crore.
In contrast, Coal India saw its value plummet by Rs 8,590 crore to Rs 2,15,514 crore, while TCS lost Rs 2,612 crore to Rs 2,61,837 crore and ICICI Bank's m-cap declined by Rs 283 crore to Rs 1,35,256 crore.
The market capitalisation chart of top-10 companies saw RIL at the numero-uno position, followed by ONGC, TCS, ITC, CIL, SBI, Infosys, HDFC Bank, Bharti and ICICI Bank.
The BSE 30-stock index, Sensex, had gained 64.49 points last week.
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Mehraboon Irani, Principal and Head of Nirmal Bang