8 out of top 10 companies of Sensex reduced market capitalization - watsupptoday.com
8 out of top 10 companies of Sensex reduced market capitalization
Posted 10 May 2020 12:15 PM

Agencies

The market capitalization of eight of the 10 largest companies in the country in terms of M-Cap decreased by Rs 2,50,825.28 crore last week. TCS, HDFC Bank and HDFC suffered the most in terms of market-cap last week.

Among the top 10 companies, only Reliance Industries Ltd and Bharti Airtel grew their market positions. Last week, Tata Consultancy Services (TCS) 's market capitalization declined by Rs 45,535.19 crore to Rs 7,10,514.04 crore. At the same time, HDFC Bank's market capitalization declined to Rs 5,09,430.95 crore with a loss of Rs 39,923.11 crore.

HDFC's M-cap decreased by Rs 39,386.76 crore to Rs 2,92,664.08 crore. During this period, ITC saw a decrease of Rs 29,316.97 crore in its market position.

The company's market capitalization stood at Rs 1,94,586.02 crore. ICICI Bank's market capitalization decreased by Rs 27,288.27 crore to Rs 2,18,670.85 crore.

At the same time, the market capitalization of Kotak Mahindra Bank declined by Rs 26,457.32 crore to Rs 2,33,132.42 crore.

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