The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions.
From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank of India, ITC, Bharti Airtel and Life Insurance Corporation of India (LIC) faced erosion to the tune of Rs 68,783.2 crore.
Last week, the BSE benchmark declined 376.79 points or 0.52 per cent after a record-breaking rally.
The market valuation of Reliance Industries jumped Rs 47,021.59 crore to Rs 17,35,194.85 crore.
Hindustan Unilever added Rs 12,241.37 crore, taking its valuation to Rs 6,05,043.25 crore.
HDFC Bank’s valuation climbed Rs 11,049.74 crore to Rs 12,68,143.20 crore.
However, the market capitalisation (mcap) of ICICI Bank plummeted Rs 30,235.29 crore to Rs 6,97,095.53 crore.
The valuation of TCS eroded by Rs 12,715
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The initial share sale of Azad Engineering received 80.60 times subscription on the last day of offer on Friday.
The Initial Public Offer (IPO) got bids for 81,58,60,388 shares against 1,01,22,705 shares on offer, according to NSE data.
The portion for Qualified Institutional Buyers (QIBs) fetched a whopping 179.66 times subscription while the non-institutional investors part received 87.55 times subscription. The category for Retail Individual Investors (RIIs) got subscribed 23.71 times.
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Azad Engineering Ltd on Tuesday said it has collected Rs 221 crore from anchor investors.
Proceeds from the fresh issue will be used for funding capital expenditure of the company, payment of debt, and general corporate purposes.
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