Top 10 companies lose Rs 4.22 trillion in m-cap; TCS, RIL hit hard

The 10 most valued domestic companies lost a massive Rs 4,22,393.44 crore in market capitalisation last week, with heavyweights TCS and RIL taking the biggest hit.

In a nerve-wracking week for the markets, the BSE Sensex plummeted 3,473.14 points or 9.24 per cent, largely in tandem with global equities which were hammered by panic selling amid the coronavirus pandemic.

The market capitalisation (m-cap) of TCS dropped by Rs 1,16,549.07 crore to reach Rs 6,78,168.49 crore for the week ended Friday.

Reliance Industries' m-cap plummeted Rs 1,03,425.15 crore to Rs 7,01,693.52 crore.

Infosys was another major drag, with its valuation plunging Rs 41,315.98 crore to Rs 2,73,505.62 crore.

HDFC Bank's m-cap tanked Rs 34,919.51 crore to reach Rs 5,87,190.43 crore and that of Hindustan Unilever Limited (HUL) tumbled Rs 33,208.35 crore to Rs 4,40,151.42 crore.

The valuation of Kotak Mahindra Bank declined Rs 30,931.1 crore to Rs 2,81,237.76 crore and that of ICICI Bank fell Rs 25,098.54 crore to Rs 2,89,606.69 crore.

Likewise, Bajaj Finance witnessed a drop of Rs 16,320.81 crore in its m-cap to reach Rs 2,37,989.09 crore.

Bharti Airtel suffered a decline of Rs 13,611.62 crore in its valuation to stand at Rs 2,69,613.64 crore. The market-cap of HDFC fell by Rs 7,013.31 crore to Rs 3,58,201.28 crore.

In the ranking of the 10 most valued firms, RIL remained at the top, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Kotak Mahindra Bank, Infosys, Bharti Airtel and Bajaj Finance.

RIL, TCS lead as eight of top-10 companies add over Rs 1 trillion in m-cap

Eight of the 10 most valued Indian companies together added a whopping Rs 1.09 trillion to their market capitalisation last week, with market heavyweight Reliance Industries Limited (RIL) leading the list.

Tata Consultancy Services (TCS), HUL, ICICI Bank, Bharti Airtel and Bajaj Finance were among the other gainers. HDFC Bank and HDFC were the only ones in the top-10 list to witness a drop in their market capitalisation (m-cap) for the week ended Friday.

RIL's valuation zoomed Rs 33,534.56 crore to reach Rs 9,42,422.58 crore.

The market cap of Hindustan Unilever Limited (HUL) climbed Rs 20,619.84 crore to Rs 4,88,132.65 crore and that of TCS jumped Rs 17,673.73 crore to Rs 8,19,445.77 crore.

Bharti Airtel's valuation advanced Rs 13,911.68 crore to Rs 3,08,293.55 crore and that of Bajaj Finance rose Rs 8,014.92 crore to Rs 2,87,802.92 crore.

The m-cap of ICICI Bank swelled by Rs 6,138.65 crore to Rs 3,53,225.18 crore and that of Kotak Mahindra Bank went up by Rs 5,666.73 crore to Rs 3,21,586.80 crore.

Infosys added Rs 3,832.8 crore to its m-cap to stand at Rs 3,34,816.02 crore.

In contrast, the market cap of HDFC Bank tumbled Rs 12,409.1 crore to Rs 6,67,982.74 crore.

Likewise, the valuation of HDFC fell by Rs 777.55 crore to Rs 4,15,225.64 crore.

The domestic market capitalisation chart was topped by RIL, followed by TCS, HDFC Bank, HUL, HDFC, ICICI Bank, Infosys, Kotak Mahindra Bank, Bharti Airtel and Bajaj Finance.

Last week, the Sensex climbed 115.89 points or 0.28 per cent.

Eight of top-10 most valued firms add Rs 1.34 trillion in m-cap; TCS leads

Eight of the 10 most valued Indian firms together added over Rs 1.34 trillion to their market capitalisation last week, with TCS emerging as the biggest gainer.

Reliance Industries Limited (RIL), HUL, HDFC, ITC, Infosys, HDFC Bank and SBI were the other firms which witnessed a rally in their market capitalisation (m-cap) for the week ended Friday, while Kotak Mahindra Bank and ICICI Bank finished with losses.

The market valuation of Tata Consultancy Services (TCS) jumped Rs 28,893.36 crore to Rs 8.27 trillion.

Infosys' m-cap soared by Rs 24,704.61 crore to Rs 2.9 trillion, while State Bank of India (SBI) gained Rs 28,469.51 crore to Rs 2.79 trillion.

RIL's m-cap zoomed Rs 16,671.95 crore to Rs 9.23 trillion while that of Hindustan Unilever Limited (HUL) spurted Rs 7,977.33 crore to reach Rs 4,71,864.08 crore.

HDFC's market valuation advanced by Rs 4,428.96 crore to Rs 3.67 trillion, and ITC added Rs 16,525.33 crore to its valuation to stand at Rs 3,21,045.99 crore.

The valuation of HDFC Bank increased by Rs 6,739.43 crore to reach Rs 6.78 trillion.

On the other hand, the m-cap of Kotak Mahindra Bank dipped Rs 1,456.04 crore to Rs 3.01 trillion while that of ICICI Bank plunged Rs 4,519.55 crore to Rs 2.98 trillion.

In terms of ranking of the top-10 firms, RIL retained the top spot, followed by TCS, HDFC Bank, HUL, HDFC, ITC, Kotak Mahindra Bank, ICICI Bank, Infosys and SBI.

During the week, the Sensex rose by 1,106.97 points or 2.83 per cent.

Titan Company m-cap crosses Rs 1 trillion-mark; stock hits new high

Shares of Titan Company has joined the elite club of Rs 1-trillion market capitalisation (market-cap) after hitting a new high of Rs 1,129, up 1 per cent on the BSE in the intra-day trade on Thursday. The stock surpassed its previous high of Rs 1,123 touched on March 12, 2019.

The market-cap of Tata Group Company hit Rs 100,231 crore in intra-day trade today. Currently, there are 29 listed companies having market-cap of more than Rs 1 trillion, BSE data shows.

Thus far in the calendar year 2019 (CY19), the stock has outperformed the market by rallying 21 per cent, against a 6.7 per cent rise in the S&P BSE Sensex.

The company reported strong growth of 41.6 per cent in net profit at Rs 416 crore in the December quarter (Q3FY19) on the back of healthy performance in jewellery segment. The company’s jewellery business reported a robust 37 per cent sales growth led mainly by grammage growth of 20 per cent. The company sales are expected to grow faster on the higher number of wedding dates in Q4FY19 and Q1FY20.

According to analysts, Titan will continue to benefit from the shift of demand in jewellery retail from unorganized to organized segment post demonetisation and implementation of Goods and Services Tax (GST). The company has witnessed strong year-on-year revenue growth for nine straight quarters ending December 2018 leading to market share gains.

Last month, the rating agency ICRA reaffirmed the long term/short term rating of fund-based/non-fund-based facilities of Titan with outlook revised to positive.

ICRA believes that Titan’s revenues will continue to witness margin expansion and steady growth, supported by a strong brand presence and steady demand. Titan’s strong parentage and robust financials in the form of high and consistent profitability, zero net debt and strong liquidity are other factors that support the rating, the company said in a rating rationale.

The brokerage firm Prabhudas Lilladher has a ‘buy’ rating on the stock with the target price of Rs 1,195 per share.

We maintain a positive stance on Titan post Q3 results given the guidance of 22 per cent jewellery sales growth and opening up of 40 Tanishq stores in FY19, expected gains from backward integration and proactive strategy in Eyewear and success of new collections in watches, the brokerage firm said in a result update.