7 of top-10 cos lose Rs 77k cr; NMDC major loser

Mumbai, February 28: Seven out of top-10 firms lost a sum of over Rs 77,000 crore from their market valuation during the month, with state-run mining giant NMDC losing the most.

Meanwhile, three firms including — ONGC, TCS and Infosys Technologies — together added Rs 15,853.72 crore to their market valuation.

NMDC, at third place, saw its valuation falling by Rs 26,048 crore taking its total market capitalisation to Rs 1,71,156 crore for month ended February 28.

During the month, shares of NMDC tanked 13.20 per cent to settle at Rs 431.70 on the BSE at the end of Friday’s trade.

Mukesh Ambani-led Reliance Industries Ltd (RIL), maintained its numero-uno position, even after losing Rs 22,404.73 crore from its market valuation, taking its total m-cap to Rs 3,19,826.54 crore.

Next to RIL is state-run oil firm ONGC, which added Rs 3,689.
–PTI