Seven out of the top-10 coveted firms in the country saw their total market capitalisation climb over Rs 51,000 crore in August, while state-run NTPC, MMTC and SBI witnessed value erosion.The country’s most valued firm Reliance Industries (RIL) added Rs 17,816 crore to its market-cap so far this month, taking its total valuation to Rs 3,25,838 crore.

As on July 31, RIL had a market-cap of Rs 3,08,022 crore.

Oil firm ONGC and private sector telecom operator Bharti Airtel added Rs 3,144 crore and Rs 9,207 crore, to their respective valuations.

Further, the market valuation of ONGC stood at Rs 2,52,216 crore and Airtel at Rs 1,65,087 crore as on August 29.

Power producer NTPC and trading firm MMTC lost Rs 4,494 crore and Rs 2,401 crore, respectively from their market- cap during the period from July 31 to August 29.

The market valuations of NTPC and MMTC fell to Rs 1,73,278 crore and Rs 1,46,476 crore, respectively.

Mineral major NMDC rose to the fifth slot from sixth after adding Rs 6,462 crore to its market cap, taking its total valuation to Rs 1,48,855 crore during.

The country’s largest public sector lender SBI slipped to the ninth position from eighth after losing Rs 2,060 crore from its market cap, while IT bellwether Infosys Technologies added Rs 7,625 crore.

source: Business-Standard

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