8 of 10 cos lose Rs 85 k cr from m-cap

While, NTPC lost the most (Rs 17,686 crore) from its valuation, the second most valued firm ONGC saw its market capitalisation decline by Rs 16,629 crore in January.

At the end of Friday’s trade, market capitalisation of NTPC and ONGC stood at Rs 1,76,658.98 crore and Rs 2,35,232.92 crore respectively.

RIL, numero-uno in the list of top-10 firms, witnessed value erosion of Rs 15,809 crore from its m-cap. RIL’s valuation stood at Rs 3,42,231.27 crore.

Meanwhile, two state-run companies — NMDC and BHEL— together added Rs 29,633 crore to their valuation during the month ended January 31.

The country’s largest iron ore producer NMDC jumped to the third spot from the fifth after adding a major chunk of Rs 29,616.31 crore to its valuation during the month on government’s stake divestment plans.

NMDC, whose valuation at the end of Friday’s trade stood at Rs 1,97,204.18 crore, has filed draft prospectus for a follow-on-public offer with Sebi for diluting 8.38 per cent government stake.

Besides, state-run BHEL saw its valuation rising by a meagre Rs 17 crore to Rs 1,17,800.54 crore during January.

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