RIL regains Rs 2 trillion m-cap

The recovery on bourses last week has added over Rs 52,600 crore to market valuations of country's 10 most valued firms, with Reliance Industries (RIL) gaining the most and regaining the crucial Rs 2 trillion mark.

The combined market capitalisation of the country's top 10 firms -- comprising five pubic sector and five private sector entities -- gained Rs 52,621.06 crore last week at Rs 9,98,374.84 crore at the end of Friday's trading. The combined valuation of the elite club stood at Rs 9,45,753.78 crore a week ago.

After dabbling below the psychological Rs 2 trillion mark for six consecutive weeks, the country's most valued firm RIL regained its lost turf by adding Rs 29,524 crore to its valuation last week.

Mukesh Ambani-led RIL saw its market capitalisation rising to Rs 2,05,568 crore at the end of Friday's trade against a valuation of Rs 1,76,044 crore a week ago.

The shares of RIL gained nearly 17 per cent in the week to settle at Rs 1,306.20 on last Friday. Since October 24, when the firm had first slipped below the Rs 2,00,000 crore mark, it has gained about 29 per cent to its share price.

Leading cellular operator Bharti Airtel rose to the third place, adding Rs 10,820 crore in a week to its valuation.

However, state-run NTPC dropped to the fourth spot despite a gain of Rs 3,092 crore last week.

Public sector ONGC and IT bellwether Infosys Technologies bucked the trend and lost a combined over Rs 3,400 crore. ONGC lost Rs 1,797 crore but kept in tact its second position with a valuation of Rs 138,267 crore.

Infosys' valuation eroded by Rs 1,620 crore and the IT major lost out the seventh slot to ITC.