Seven Of Top 10 Listed Companies Lose Rs 86,878 Crore In Market Cap, ITC Takes Biggest Hit
A packet of of India Kings, a cigarette brand made by ITC. (Photographer: Amit Bhargava/Bloomberg News)

Seven Of Top 10 Listed Companies Lose Rs 86,878 Crore In Market Cap, ITC Takes Biggest Hit

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Seven of the Top 10 listed companies in India lost a total of Rs 86,879.70 crore in market capitalisation last week, with ITC Ltd. taking the biggest hit.

Reliance Industries Ltd., HDFC Bank Ltd., Housing Development Finance Corporation Ltd., Kotak Mahindra Bank Ltd., ICICI Bank Ltd. and State Bank of India were the other losers, while Tata Consultancy Services Ltd., Hindustan Unilever Ltd. and Infosys Ltd. finished with gains.

ITC’s market cap dropped Rs 20,748.40 crore to Rs 2,89,740.59 crore. It was followed by SBI whose market cap fell Rs 17,715.4 crore to Rs 2,41,946.22 crore.

The market cap of HDFC Bank reduced by Rs 17,335.3 crore to Rs 5,91,490.98 crore and that of ICICI Bank declined by Rs 15,084.5 crore to Rs 2,55,484.91 crore.

HDFC’s valuation fell by Rs 9,921.2 crore to Rs 3,52,202.72 crore and that of Kotak Mahindra Bank dipped Rs 5,155.85 crore to Rs 2,81,185.14 crore. The market cap of Reliance Industries went down by Rs 919.16 crore to Rs 8,08,836 crore.

In contrast, TCS’s market cap rose Rs 31,538.79 crore to Rs 8,43,367.22 crore and that of Infosys increased by Rs 11,746.94 crore to Rs 3,44,419.45 crore. HUL added Rs 7,176.31 crore to its market cap to Rs 4,02,512.28 crore.

As for top-10 listed companies in India, TCS was the top ranked firm by market cap, followed by Reliance Industries, HDFC Bank, HUL, HDFC, Infosys, ITC, Kotak Mahindra Bank, ICICI Bank and SBI.

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