M-cap of seven of top-10 most valued cos slumps Rs 67,980.60 cr

Seven of the top-10 most-valued companies of the country together lost Rs 67,980.60 crore in market valuation last week, dragged down by Tata Consultancy Services (TCS) which took the sharpest hit.

While Reliance Industries Ltd (RIL), TCS, HDFC Bank, HUL, ITC, Infosys and Kotak Mahindra Bank witnessed fall in their market capitalisation (m-cap) for the week ended Friday, rest three — HDFC, SBI and ICICI Bank — made gains.

The m-cap of TCS slumped Rs 39,400 crore to Rs 7,22,671.77 crore, emerging as the worst hit among the top-10 firms.

Kotak Mahindra Bank’s valuation dropped Rs 8,147.3 crore to Rs 2,36,796.56 crore and that of RIL tumbled Rs 6,909.15 crore to Rs 7,81,303.97 crore.

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