Mumbai, May 09: Volatile trade this past week saw nine of the top-10 firms lose a sum of over Rs 40,000 crore from their market capitalisation, with Reliance Industries Ltd being the sole exception to the trend by adding to its kitty.
The country’s most valued firm, Reliance Industries Ltd, the numero-uno in the list, saw its market capitalisation (m-cap) swell by Rs 441.5 crore, taking its total valuation to Rs 3,38,107.2 crore for the week ended May 8.
Yesterday, the Supreme Court gave a landmark judgement in the case related to RIL-RNRL gas price tussle, rejecting a plea for cheap gas by the RNRL saying a national asset should be priced only by the government.
Prior to the judgement being delivered, RIL’s shares witnessed a consistent downfall after closing at Rs 1,032.50 on April 30. The company’s share price dwindled to Rs 1,023.
–PTI