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Article: Infy, TCS, Wipro among 1,000 to lose market wealth in FY'08.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- April 1, 2008
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Infy, TCS, Wipro among 1,000 to lose market wealth in FY'08
Mumbai, Apr 1 (PTI) -- Investors mostly got a raw deal from the stock markets, with as many as 1,000 companies, including top five IT firms Infosys, TCS, Wipro, Satyam and HCL Tech, collectively losing over Rs 2,50,000 crore in market value in 2007-08.
The total market cap of all the listed companies in the country, however, rose by about Rs 18,00,000 crore during the fiscal, counting close to 100 that got listed during the year.
But as many as 1,000 companies, including newly listed firms, recorded a fall in their market capitalisation, while another 1,400 firms managed to add about Rs ...