Mumbai: Country's 10 most valued firms added a whopping Rs 1,00,000 crore to their market capitalisation in a week, which witnessed an uptrend in the stock market, as state-run MMTC staged a comeback to the elite club.
MMTC, after nearly a month, regained its lost turf and grabbed the fifth spot in the top 10 valued club's list after adding Rs 47,639 crore to its market capitalisation.
PSU mining giant MMTC saw its valuation surging to Rs 95,838 crore, from Rs 48,198 crore in the week-ago period.
Shares of MMTC skyrocketed 98 per cent in the week to settle at Rs 19,167.50 on Friday last. Since November 28, when the firm had first slipped out of the elite club, it has gained about 92 per cent in its share price.
The total market capitalisation of the top 10 firms -- comprising six public sector and four private sector entities -- rose for second straight week gaining Rs 1,03,780 crore.
At the end of Friday's trade last week, the combined valuation of the elite club stood at Rs 11,02,154 crore, against Rs 9,98,375 crore a week ago.
Country's most valued firm Reliance Industries added Rs 6,777 crore to its valuation in a week. RIL, which regained its Rs two trillion mark in market capitalisation last week, was the numero uno in the list at the end of the Friday's trade.
Mukesh Ambani-led RIL saw its valuation rising to Rs 2,12,345 crore at the end of Friday's trade, from Rs 2,05,568.45 crore a week ago.
However, cellular giant Bharti Airtel dropped to the fourth place, after losing Rs 142.37 crore in a week. The Sunil Mittal-led company saw its market capitalisation dropping to Rs 1,36,965 crore at the end of Friday's trade.