02 November,2009 09:39 AM IST | | PTI
Seven of the top-10 most valued companies in terms of market capitalisation saw their valuation erode by a whopping Rs 23,883 crore in October, with heavy weights like MMTC, Bharti Airtel and TCS witnessing significant decline.
However, country's largest private sector firm Reliance Industries and state run power utility NTPC and mining firm NMDC bucked the trend and saw their total market capitalisation (m-cap) increase by Rs 8,731.65 crore.
The biggest loser in terms of m-cap during October was MMTC with a decline of Rs 9,636.25 crore, ending the month with a m-cap of Rs 170,186.25 crore. The second biggest loser in terms of m-cap was telecom giant Bharti Airtel (fall of Rs 6,378.69 crore, m-cap at Rs 158,916.74 crore), followed by software major TCS (Rs 2,466.07 crore, m-cap at Rs 121,219.18 crore).
Country's biggest public sector firm ONGC was the fourth biggest loser with Rs 2,277.9 crore fall in m-cap, closing the month with a m-cap of Rs 250,525.84 crore. The other three losers include state run Bhel (Rs 1,214.01 crore, m-cap at Rs 113,820.74 crore), IT firm Infosys (Rs 1,008.56 crore, m-cap at Rs 132,331.34 crore), country's biggest lender State Bank of India (Rs 901.53 crore, m-cap at Rs 139,400.6 crore).
Leading the m-cap gainer list was Mukesh Ambani-led Reliance Industries', which saw its market valuation rise by Rs 4,839.65 crore, taking its total market cap to Rs 3,46,440.26 crore for the month ended October 31. NTPC saw an increase in its market valuation by Rs 2,762.23 crore (m-cap at Rs 176,205.48 crore), while NMDC's increased by Rs 1,129.77 crore (m-cap at Rs 142,055.2 crore).
