Market valuation of six of top 10 valued domestic firms erode by Rs 1.71 lakh crore
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
Last week, six of the top 10 most valued firms together added Rs 86,847.88 crore in market valuation.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
ICICI Bank on Saturday reported a 14.5 per cent growth in net profit at Rs 11,746 crore (year-on-year) in Q2 FY25, from Rs 10,261 crore in the year-ago quarter.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
According to the bank’s executive director (ED) Sandeep Batra, “in Q1 FY25, we infused about Rs 500 crore” in ICICI Home Finance, the home finance subsidiary.
In the last week (May 20-24), nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation.
It called the report published by The Morning Context as ‘baseless’ and a ‘figment of imagination’. It also categorically denied the information published in the article.
For Q4 FY24, ICICI reports a net profit of Rs 10,708 crore, up 20 per cent from last year.
