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Mint
4 hours ago
- Mint
M-cap of 6 of top-10 top firms falls by ₹2.2 lakh crore: Check for winners and losers
The combined market valuation of six of India's top-10 most valued companies eroded by ₹ 2.22 lakh crore last week. The downturn was a result of a bearish trend in the equity market, with the BSE benchmark Sensex dropping 294.64 points or 0.36%. "Markets ended lower for the fourth straight week as caution prevailed amid mixed cues. The market's direction was initially influenced by earnings announcements, with the banking sector showing strength due to positive results from HDFC Bank and ICICI Bank. However, a dip in stocks like Reliance capped the recovery. Furthermore, foreign fund outflows and uncertainty over trade deals ahead of the August 1 deadline kept volatility high," said Ajit Mishra, SVP, Research, Religare Broking Ltd. Reliance Industries and Infosys were the worst-hit among the top 10 firms, mirroring the market downturn. These firms suffered a combined erosion of ₹ 2,22,193.17 crore from their market valuation. Here are the firms who were the most affected due to the trend: Reliance Industries: The valuation of the largest company by market cap tumbled ₹ 1,14,688 crore to ₹ 18,83,856 crore, the most during the period. 1,14,688 crore to 18,83,856 crore, the most during the period. Infosys: The tech giant faced an erosion of ₹ 29,475 crore to ₹ 6,29,622 crore from its market capitalisation. 29,475 crore to 6,29,622 crore from its market capitalisation. Tata Consultancy Services (TCS): Its m-cap dropped by ₹ 20,080 crore to ₹ 11,34,035 crore. Bajaj Finance: The m-cap of the firm declined by ₹ 17,524 crore to ₹ 5,67,769 crore 17,524 crore to 5,67,769 crore Hindustan Unilever: The company's valuation fell by ₹ 17,340 crore to ₹ 5,67,450 crore. 17,340 crore to 5,67,450 crore. Life Insurance Corporation of India (LIC): The valuation of LIC tanked ₹ 23,087 crore to ₹ 5,60,743 crore HDFC Bank: The bank's market valuation jumped ₹ 37,162 crore to ₹ 15,38,079 crore. 37,162 crore to 15,38,079 crore. Bharti Airtel: The m-cap of firm climbed ₹ 20,841 crore to ₹ 11,04,840 crore 20,841 crore to 11,04,840 crore ICICI Bank: The bank also registered gains by adding ₹ 35,814 crore, taking its valuation to ₹ 10,53,823 crore. State Bank of India: Its valuation went up by ₹ 9,685.34 crore to ₹ 7,44,449.31 crore. Reliance Industries retained the title of the most valued firm of India, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC.
Mint
6 hours ago
- Mint
THIS small-cap stock to be in focus on Monday; here's why
Small-cap stock under ₹ 100: MIC Electronics share price will remain in focus in Monday's trading session after the company announced that the board has approved the acquisition of equity shares of Neo Semi SG Pte. Ltd. (NSPL). The small-cap stock was down 3.5 per cent to close at ₹ 51.83 apiece on Friday. The stock has given negative returns in short-term period by descending over 4 per cent in one month and 30 per cent in six months. In an exchange filing dated July 25, the company said, ' We wish to inform that, the meeting of the Board of Directors of the Company held on Friday, July 25, 2025, commenced at 05:00 PM and concluded at 05:45 PM, inter-alia, discussed and approved A proposal for acquisition of equity shares of M/s. NEO SEMI SG PTE LIMITED (NSPL), Singapore, by way of purchase of existing equity share capital from existing shareholders of 'NSPL' subject to the provisions of Companies Act, 2013 and the Overseas Investments Regulations, Rules and Directions, 2022 as amended from time to time issued by the Reserve Bank of India and other applicable regulations." The company further said that the Board of Directors of MIC Electronics Limited has granted in principle approval to explore the acquisition of equity shares in this strategic step marks the Company's entry into next-generation technologies and allied domains with strong growth trajectories. ' This proposed acquisition is aligned with MIC Electronics long-term strategy to diversify into hightech sectors and reinforce its presence in future-critical verticals like semiconductors, green energy, and digital service infrastructure. The synergies are expected to unlock significant value creation opportunities across both domestic and international markets,' the company said in a release. The board has further approved the engagement of professional intermediaries including valuers, legal consultants, and financial advisors to facilitate the evaluation and decision-making process. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
6 hours ago
- Mint
M-cap of 6 of top-10 top firms falls by ₹2.2 lakh crore: Check for winners and losers
The combined market valuation of six of India's top-10 most valued companies eroded by ₹ 2.22 lakh crore last week. The downturn was a result of a bearish trend in the equity market, with the BSE benchmark Sensex dropping 294.64 points or 0.36%. "Markets ended lower for the fourth straight week as caution prevailed amid mixed cues. The market's direction was initially influenced by earnings announcements, with the banking sector showing strength due to positive results from HDFC Bank and ICICI Bank. However, a dip in stocks like Reliance capped the recovery. Furthermore, foreign fund outflows and uncertainty over trade deals ahead of the August 1 deadline kept volatility high," said Ajit Mishra, SVP, Research, Religare Broking Ltd. Reliance Industries and Infosys were the worst-hit among the top 10 firms, mirroring the market downturn. These firms suffered a combined erosion of ₹ 2,22,193.17 crore from their market valuation. Here are the firms who were the most affected due to the trend: Reliance Industries: The valuation of the largest company by market cap tumbled ₹ 1,14,688 crore to ₹ 18,83,856 crore, the most during the period. 1,14,688 crore to 18,83,856 crore, the most during the period. Infosys: The tech giant faced an erosion of ₹ 29,475 crore to ₹ 6,29,622 crore from its market capitalisation. 29,475 crore to 6,29,622 crore from its market capitalisation. Tata Consultancy Services (TCS): Its m-cap dropped by ₹ 20,080 crore to ₹ 11,34,035 crore. Bajaj Finance: The m-cap of the firm declined by ₹ 17,524 crore to ₹ 5,67,769 crore 17,524 crore to 5,67,769 crore Hindustan Unilever: The company's valuation fell by ₹ 17,340 crore to ₹ 5,67,450 crore. 17,340 crore to 5,67,450 crore. Life Insurance Corporation of India (LIC): The valuation of LIC tanked ₹ 23,087 crore to ₹ 5,60,743 crore HDFC Bank: The bank's market valuation jumped ₹ 37,162 crore to ₹ 15,38,079 crore. 37,162 crore to 15,38,079 crore. Bharti Airtel: The m-cap of firm climbed ₹ 20,841 crore to ₹ 11,04,840 crore 20,841 crore to 11,04,840 crore ICICI Bank: The bank also registered gains by adding ₹ 35,814 crore, taking its valuation to ₹ 10,53,823 crore. State Bank of India: Its valuation went up by ₹ 9,685.34 crore to ₹ 7,44,449.31 crore. Reliance Industries retained the title of the most valued firm of India, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Bajaj Finance, Hindustan Unilever and LIC. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
