Nine of the top-10 most valued firms together lost a whopping Rs 4,74,906.18 crore in market valuation last week, with Reliance Industries and HDFC Bank taking the steepest hit, in line with weak trends in equities.
Markets faced heavy drubbing last week amid worsening tensions in the Middle East and foreign fund outflows. In a holiday-shortened week, the BSE benchmark plummeted 3,883.4 points, or 4.53 per cent.
The valuation of Reliance Industries declined Rs 1,88,479.36 crore to Rs 18,76,718.24 crore.
HDFC Bank’s market valuation slumped Rs 72,919.58 crore to Rs 12,64,267.35 crore.
Bharti Airtel’s valuation plunged Rs 53,800.31 crore to Rs 9,34,104.32 crore and that of ICICI Bank tumbled Rs 47,461.13 crore to Rs 8,73,059.59 crore.
The valuation of Life Insurance Corporation of India (LIC) plummeted Rs 33,490.86 crore to Rs 6,14,125.65 crore and that of Hindustan Unilever tanked Rs 27,525.46 crore to Rs 6,69,363.31 crore.
The market capitalisation (mcap) of ITC dropped Rs 24,139
Posts in category Business Standard
Mcap of 9 of 10 valued firms erodes Rs 4.74 trn; RIL, HDFC Bank hit hard (06-10-2024)
Bank of Maharashtra allots 61.01 lakh equity shares under QIP issue (05-10-2024)
Pursuant to the allotment of equity shares in the Issue, the paid-up equity share capital of the Bank stands increased to Rs. 76915549500 (comprising of equity shares of 7691554950 of Rs. 10 each) from Rs. 70813736390 (comprising of equity shares of 7081373639 of Rs. 10 each).
Avantel Q2 PAT jumps 42% YoY to Rs 23 cr (05-10-2024)
Avantel reported 42.44% increase in consolidated net profit to Rs 22.89 crore in Q2 FY25 as compared with Rs 16.07 crore in Q2 FY24.
Equitas SFB total deposits jump 29% YoY in Q2 FY25 (05-10-2024)
Equitas Small Finance Bank (SFB) announced that its total deposits including certificate of deposits jumped 29.25% to Rs 39,859 crore as on 30 September 2024 as against Rs 30,839 crore recorded as on 30 September 2023.
Ujjivan SFB total deposits rises 17% in Q2 FY25 (05-10-2024)
Ujjivan Small Finance Bank (SFB) reported 17% increase in total deposits to Rs 34,046 crore as on 30 September 2024 as against Rs 29,139 crore recorded as on 30 September 2023.
L&T Finance retail disbursements jump 12% YoY in Q2 FY25 (05-10-2024)
L&T Finance said that its retail disbursements for Q2 FY25 was at Rs 15,070 crore, registering a growth of around 12% as against Rs 13,499 crore recorded in Q2 FY24.
RACL Geartech receives ratings action from CARE (05-10-2024)
Long term bank facilities (Rs 161.43 crore) – CARE A-; Stable (reaffirmed)
Long term / short term bank facilities (Rs 166.50 crore) – CARE A-; Stable / CARE A2+ (LT rating reaffirmed and ST rating assigned)
Short term bank facilities (Rs 9 crore) – CARE A2+ (reaffirmed)
Kore Foods reports standalone net loss of Rs 0.07 crore in the September 2024 quarter (05-10-2024)
Reported sales nil
Avantel consolidated net profit rises 42.50% in the September 2024 quarter (05-10-2024)
Sales rise 42.50% to Rs 77.42 crore
Bandhan Bank records over 21% YoY jump in loan book during Q2 FY25; deposits at Rs 1.42 lakh crore (05-10-2024)
Bandhan Bank has reported 21.4% increase in loans & advances to Rs 1,30,652 crore for the three month period ended on 30 September 2024 from Rs 1,07,633 crore recorded during the same period last year.