SureShot Intraday Trading Tips
The combined market capitalisation (m-cap) of nine of the top 10 most valued companies advanced by Rs 29,775 crore last week, with TCS as the top gainer.
Only Bharit Airtel posted decline. The telecom major suffered erosion of Rs 14,696 crore in value, which stood at Rs 1,32,876 crore on Friday.
The company on Wednesday registered 22% fall in consolidated net profit for the October-December quarter at Rs 1,010 crore due to higher interest outgo and costs related to 3G network roll-out. It extended decline in profits to the eighth quarter in a row.
Bharti's scrip plunged nearly 10% last week.
The market cap of TCS advanced by Rs 12,213 crore to Rs 2,40,846 crore.
Energy major RIL's market worth rose by Rs 1,445 crore to Rs 2,75,762 crore, while state-owned ONGC added Rs 684 crore to its m-cap which stood at Rs 2,40,793 crore on Friday.
Coal India Ltd m-cap saw a surge of Rs 3,410 crore to Rs 2,09,449 crore; Infosys added Rs 156 crore to its value which stood at Rs 1,59,786 crore; ITC's worth jumped Rs 2,148 crore to Rs 1,58,500 crore and NTPC's valuation accelerated by Rs 2,926 crore to Rs 1,48,293 crore.