Top 10 cos added Rs 29k crore last week

The country's 10 most valued firms added nearly Rs 29,000 crore to their market capitalization last week.

The country’s 10 most valued firms added nearly Rs 29,000 crore to their market capitalization last week,with Bharti Airtel alone accounting for nearly half the valuation.

Private sector telecom services provider Bharti Airtel added Rs 13,164 crore to its market capitalisation during the week,taking its valuation to Rs 1,41,931 crore. Last week,it had a market valuation of Rs 1,28,767 crore.

Shares of Bharti Airtel surged over 10 per cent in a week to settle at Rs 747.70 on the Bombay Stock Exchange.

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Top 10 firms,comprising four private and six public sector entities,added Rs 28,939 crore to their valuation last week,taking the kitty to Rs 12,48,825 crore.

Last week,the club’s valuation was Rs 12,19,886 crore.

Mukesh Ambani-led Reliance Industries was the second biggest gainer in terms of market capitalisation,adding Rs 10,552 crore to its valuation kitty.

During the week,country’s most valued firm RIL announced its fourth quarter results,a 9.3 per cent decline in its net profit at Rs 3,546 crore. RIL’s market cap stood at Rs 2,80,852 crore at the end of Friday’s trade.

Amid the overall gain in the broader market,the premier club of top 10 saw three state-run entities — ONGC,NTPC and BHEL — losing a combined Rs 3,374 crore from their valuation.

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The market cap of PSU entity ONGC stood at Rs 1,83,194 crore,an erosion of Rs 1,305 crore.

Tejashwi Yadav is the Bihar chief ministerial candidate of the Mahagathbandhan, announced Congress leader Ashok Gehlot at the press conference held at Hotel Maurya on Thursday.

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After days of negotiations, the Congress Thursday finally announced RJD leader Tejashwi Yadav as the chief minister face of the Mahagathbandhan. In addition, Vikassheel Insaan Party (VIP) chief Mukesh Sahani was declared the alliance’s deputy chief minister face, with Congress leader Ashok Gehlot saying they could consider other names too as Deputy CMs after the polls.

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