For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

6 Valued Companies That Took The Biggest Hit In Market Capitalization

Here are a list of companies that took the biggest hit to their market capitalization in the recent sell-off.

|

Markets have fallen to a six-month low as foreign portfolio investors continue to dump shares. Bond yields in the US are rising and this has hit stocks across the emerging markets very badly. It is likely that we may see more selling pressure in the days to come. This leaves an opportunity to buy stocks that have the potential to rally in the coming days. Here are a few stocks that took the biggest hit in market capitalization.

 

ITC

ITC

Tobacco major ITC has seen the biggest loss in market capitalization in the last one week. The m-cap of ITC plummeted by Rs 18,293.73 crore to Rs 2,76,102.08 crore. The stock had been on a roll, after the GST rates were not very harsh, as the present tax rates on tobacco continue to dent profitability at the company.

HDFC Bank

HDFC Bank

HDFC Bank on the other saw a destruction in market capitalization to the tune of Rs 16,340.82 crore to Rs 3,08,869.59 crore. This is one of the top holdings in the portfolio of mutual funds and there may have been some selling pressure from FPIs.

Apart from domestic institutions, foreign institutional owners have a large holding in the stock.

Coal India
 

Coal India

Coal India saw its valuation plummet by Rs 14,207.98 crore to Rs 1,90,505.39 crore. This is the best stock that you can buy, if you are looking at dividend yields. The stock was last seen trading at Rs 307. The company is a cash rich company that pays a very high dividend. The shares of Coal India last closed at Rs 306 on the NSE.

Reliance Industries

Reliance Industries

Reliance Industries saw its market capitalization drop by Rs 4,508.29 crore to Rs 3,20,283.29 crore. The stock has remained resilient as compared to most peers in the Sensex. The stock was last trading at Rs 987 on the National Stock Exchange.

HDFC

HDFC

HDFC saw its market cap fall largely as there were some concerns over its insurance subsidiary. The m-cap of HDFC dropped by Rs 3,193.62 crore to Rs 1,98,209.12 crore. The stock of HDFC was last trading at Rs 1250 on the NSE. Check HDFC stock quote here

Infosys

Infosys

Shares in Infosys fell by Rs 470.87 crore to Rs 2,11,272.97 crore. Software stocks have seen regular declines owing to worries over H1B visa policy by newly elected US President Donald Trump. Check Infosys share price here

Read more about: market cap itc hdfc reliance
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X