Mukesh Ambani lost more than 40 thousand crores in a week, other companies are also in bad condition - Newztezz Online

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Sunday, March 12, 2023

Mukesh Ambani lost more than 40 thousand crores in a week, other companies are also in bad condition

Out of the top 10 companies, Reliance Industries has been in the biggest loss. Its market valuation has declined by Rs 41,878.37 crore to Rs 15,71,724.26 crore.

A combined valuation of eight of the country's ten most valuable companies declined by Rs 1,03,732.39 crore last week amid a weak trend in the stock markets, with Reliance Industries and ICICI Bank losing the most . Too much damage done. Last week, the BSE's 30-share index Sensex (BSE Sensex) declined by 673.84 points, or 1.12 percent. Except for Bharti Airtel and ITC, the market position of the remaining eight companies declined.

How much loss to which company?

Out of the top 10 companies, Reliance Industries has been in the biggest loss. Its market valuation has declined by Rs 41,878.37 crore to Rs 15,71,724.26 crore. At the same time, the market capitalization of ICICI Bank declined by Rs 18,134.73 crore to Rs 5,88,379.98 crore. The capitalization of HDFC Bank declined by Rs 15,007.38 crore to Rs 8,86,300.20 crore and that of State Bank of India declined by Rs 12,360.59 crore to Rs 4,88,399.39 crore.

HDFC's valuation declined by Rs 6,893.18 crore to Rs 4,77,524.24 crore. The valuation of TCS declined by Rs 4,281.09 crore to Rs 12,18,848.31 crore. Infosys' market cap declined by Rs 3,555.83 crore to Rs 6,19,155.97 crore and that of Hindustan Unilever declined by Rs 1,621.22 crore to Rs 5,78,739.57 crore.

These companies benefit

On the other hand, Bharti Airtel has been profitable and its market capitalization has increased by Rs 5,071.99 crore to reach Rs 4,31,230.51 crore. Whereas, the valuation of ITC has also increased by Rs 4,036.2 crore to Rs 4,81,922.33 crore.

Reliance has retained its position as the country's most valuable company. It was followed by TCS, HDFC Bank, Infosys, ICICI Bank, Hindustan Unilever, SBI, ITC, HDFC and Bharti Airtel.

At the same time, let us tell you that Reliance shares have fallen by 4 percent in recent times. A decline of about one and a half percent was seen on Friday and Mukesh Ambani's wealth decreased by more than Rs 27 thousand crore. Due to the fall in the shares of Reliance, the market cap of the company has suffered. According to experts, in the coming days, there may be a further decline in the shares of Reliance and the market cap of the company may fall further.

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