An analysis of market capitalisation change during January to March period shows that maximum loss was incurred by investors in Mukesh Ambani-led Reliance Industries, whose value eroded by about Rs 89,624 crore.
Among top five companies which suffered most, Reliance Industries, DLF and Reliance Communication are promoted by — Mukesh Ambani, K P singh and Anil Ambani respectively.
Realty major DLF was second biggest loser as it witnessed value erosion of as much as Rs 72,848 crore, followed by state-run Oil & Natural Gas Corporation whose worth plunged by Rs 54,573 crore. ICICI Bank and Reliance Communications lost Rs 51,425 crore and Rs 49,079 crore respectively. Other major losers include Sunil Mittal-led Bharti Airtel (Rs 31,964 crore), engineering major Larsen & Toubro (Rs 33,340 crore), public sector undertaking NTPC (Rs 43,742 crore), Anil Ambani’s Reliance Energy (Rs 20,889 crore) and State Bank of India (Rs 23,808 crore).