Market valuation of 4 of top-10 firms surge by Rs 2.20 lakh crore
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
The combined market valuation of four of the top-10 most valued firms surged by Rs 2.20 lakh crore last week.
HDFC Bank, State Bank of India, Canara Bank and Punjab National Bank were among the major laggards, declining up to 3 per cent.
The combined market valuation of the top 10 domestic firms eroded sharply by Rs 4.48 lakh crore last week. Major banks, including the State Bank of India and HDFC Bank, took the biggest hit.
Last week, the combined market valuation of eight of the top-10 most-valued firms eroded by Rs 2,81,581.53 crore.
The combined market valuation of eight of the top 10 valued firms spiked by Rs 4.55 trillion last week. In the list, Reliance Industries emerged as the biggest winner.
So far, around 1,000 listed entities have announced their results for the first quarter.
The amount spent on its expenditure was provided under initiative called ‘Streedhan’, wherein the contributions were made by spouses of SBI staff/ladies of SBI family to SBI Foundation.
In June 2020, SBI sold 2.1 per cent equity stake in SBI Life Insurance Company via offer for sale route and raised Rs 1,539.73 crore.
SBI is 57.9 per cent state-owned and has a much broader policy role than peers.
The Centre and States should, however, work in tandem to achieve these objectives within the mandate of overall labour welfare, the report stressed.
