Mukesh Ambani's Reliance suffers huge loss of Rs 40,800,000,000 while Sunil Mittal's Airtel earns profit of Rs...
New Delhi: During the trading last week, the market value of 6 of the 10 largest companies in the country decreased by about Rs 78,166 crores. Mukesh Ambani's Reliance suffered a loss of Rs 40,800 crores
During this time, Mukesh Ambani's Reliance Industries faced the most loss as Reliance's market cap decreased by Rs 40,800 crores to Rs 19.30 lakh crores.
TCS's market cap also decreased by Rs 17,710 crores.
Apart from Reliance, TCS ranked second among the companies that suffered losses. Its market cap decreased by Rs 17,710 crores to Rs 12.71 lakh crores.
Infosys also saw a decline in its market cap, which decreased by Rs10,488 crores to Rs 6.49 lakh crores. Additionally, Hindustan Unilever (HUL) faced a loss of Rs 5,462 crores and its market cap decreased to Rs 5.53 lakh crores.
The market caps of SBI and ICICI Bank have also declined.
Last week, ICICI Bank's market cap fell by Rs 2454 crores to Rs 10.33 lakh crores and SBI's dropped by Rs 1249 crores to Rs 7.05 lakh crores.
However, while these companies suffered huge losses in trading last week, during the same period, Bharti Airtel made a significant profit.
Bharti Airtel earned a profit of Rs 10,121 crores last week, and its market cap surged to Rs 10.44 lakh crores. Meanwhile, Bajaj Finance's market value increased by Rs 4548 crores, reaching a total of Rs 5.74 lakh crores.
ITC and HDFC Bank were in profit. Additionally, ITC made a profit of Rs 876 crores and HDFC Bank gained Rs 400 crores. ITC's market cap rose to Rs 5.45 lakh crores, while HDFC Bank's reached Rs 14.80 lakh crores.
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Time of India
17 minutes ago
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