Market valuation: Mcap of six of top 10 firms tumbles by Rs 1.36 lakh crore; Reliance takes biggest hit
NEW DELHI: Six of the country's 10 most valued companies saw a combined erosion of Rs 1,36,151.24 crore in market capitalisation last week, dragged down by weak sentiment in equity markets, with
Reliance Industries
suffering the steepest loss.
The BSE Sensex fell for the sixth straight week, shedding 742.12 points or 0.92 per cent, while the NSE Nifty declined by 202.05 points or 0.82 per cent.
Reliance Industries' mcap fell by Rs 34,710.8 crore to Rs 18,51,174.59 crore. HDFC Bank lost Rs 29,722.04 crore, taking its valuation to Rs 15,14,303.58 crore, while ICICI Bank dropped Rs 24,719.45 crore to Rs 10,25,495.69 crore.
Infosys saw its market value decline by Rs 19,504.31 crore to Rs 5,91,423.02 crore, Bharti Airtel by Rs 15,053.55 crore to Rs 10,59,850.32 crore, and Hindustan Unilever by Rs 12,441.09 crore to Rs 5,87,021.88 crore.
In contrast, Life Insurance Corporation of India (LIC) gained Rs 17,678.37 crore to reach Rs 5,77,187.67 crore. Tata Consultancy Services (TCS) rose by Rs 11,360.8 crore to Rs 10,97,908.66 crore, State Bank of India (SBI) added Rs 9,784.46 crore to Rs 7,42,649.34 crore, and Bajaj Finance gained Rs 186.43 crore to Rs 5,45,148.52 crore.
In the ranking of most valued companies, Reliance Industries retained the top spot, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
Stay informed with the latest
business
news, updates on
bank holidays
,
public holidays
, current
gold rate
and
silver price
.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
23 minutes ago
- Business Standard
Kolkata port signs ₹343.58 crore deal for Haldia berth mechanisation
The Syama Prasad Mookerjee Port, Kolkata (SMPK) on Thursday awarded a Rs 343.58 crore public-private partnership (PPP) project to Ganges Bulk Terminal Pvt. Ltd. (GBTPL) for the mechanisation of berth No. 5 at Haldia Dock Complex, aiming to improve cargo handling efficiency, officials said. The project, to be implemented on a Design, Build, Finance, Operate and Transfer (DBFOT) basis, will equip the berth to handle 5 million metric tonnes of dry bulk cargo annually, they added. It is targeted for completion by December 2027, SMPK said in a statement. GBTPL will invest Rs 343.58 crore, while the government will provide Rs 22.30 crore through internal and extra budgetary resources, the riverine port said. SMPK chairman Rathendra Raman said it will improve operational capabilities, and strengthen eastern India's role in maritime trade. According to port authorities, the mechanisation will reduce vessel turnaround time, increase throughput, and deliver long-term economic benefits for the region's port sector.
India.com
23 minutes ago
- India.com
Massive layoffs in this company, to sack 3400 employees due to…, not Amazon, Microsoft, Google, Infosys, IBM, TCS, name is…
There was constant news of layoffs in tech giants globally, especially due to more use of artificial intelligence which has reduced the dependency of human beings. But now there is a report of major job cuts by the big advertising agency Dentsu. Japanese advertising giant Dentsu Group Inc. announced plans to reduce 3,400 positions outside Japan and about 8% of its international workforce according to a statement dated August 14, 2025. Why Is Dentsu Laying Off Employees? The company achieved record-high net revenue and operating profit in the first half of the year. Dentsu said its international operations continued to post negative growth across all three major regions, creating 'an extremely challenging performance.' The group cited a slower-than-expected recovery in its customer experience management (CXM) unit and losses in its creative segment. They also expect broader macroeconomic uncertainty. Due to which it has trimmed its full-year organic growth forecast to nearly zero. What Dentsu Says On Layoffs? Dentsu also reported goodwill impairment losses of ¥86 billion in the Americas and EMEA and announced it will suspend its interim dividend. President and Global CEO Hiroshi Igarashi said the headcount reduction is part of a broader cost-cutting plan to save about Rs 3,120 crore annually by 2027. 'I am acutely aware that reforming international business is an urgent issue,' he added. 'In our international business, we will focus on fundamental improvement measures to restore its profitability and competitive advantage while striving to enhance the corporate value of the entire group, growing as One dentsu,' he added.
Hans India
23 minutes ago
- Hans India
IOCL's Q1 net profit surges 83 pc to Rs 6,808 crore
Mumbai: Maharatna public sector company Indian Oil Corporation Limited (IOCL) on Thursday posted an 83 per cent year-on-year (YoY) jump in consolidated net profit for the April–June quarter (Q1) of FY26. Net profit for Q1 FY26 came in at Rs 6,808.12 crore, up from Rs 3,722.63 crore in the same quarter previous fiscal (Q1 FY25), according to its stock exchange filing. However, the figure was lower than the Rs 8,367.63 crore profit recorded in the March 2025 quarter. Revenue from operations rose just 0.9 per cent year-on-year (YoY) to Rs 2,21,849.02 crore from Rs 2,19,864.34 crore a year ago. Total expenses of the company in the first quarter were Rs 2,14,830.24 crore, compared to Rs 2,16,125.54 crore in year-ago period. The major contributors to the company's expenses were the cost of materials consumed at Rs 1,09,450.8 crore, purchases of stock-in-trade at Rs 47,904.81 crore, excise duty at Rs 29,508.37 crore and other expenses at Rs 13,031.67 crore. Operating performance was stronger, with earnings before interest, tax, depreciation and amortisation (EBITDA) rising 32.5 per cent to Rs 13,850.66 crore from Rs 10,452.51 crore in the same period previous financial year. Operating margin improved to 4.61 per cent from 2.91 per cent a year earlier, though it slipped from 4.96 per cent in the previous quarter, the firm stated in its regulatory filing. Despite the sharp annual profit growth, IOC's share price fell after the results. The stock touched the day's low of Rs 140 on the Bombay Stock Exchange (BSE), down 1.65 per cent from its previous close of Rs 142.40. IOC shares have gained 19.49 per cent in the past six months but are still down 14 per cent over the last year.
