ONGC reclaims most-valued spot; pushes TCS to second slot
State-owned energy major ONGC Thursday reclaimed the spot as the country's most-valued company, pushing IT giant TCS to the second slot.
Mumbai: State-owned energy major ONGC Thursday reclaimed the spot as the country's most-valued company, pushing IT giant TCS to the second slot.
At the end of trade, ONGC commanded a market value of Rs 2,89,047 crore. This is about Rs 4,428 crore more than TCS's m-cap of Rs 2,84,619 crore.
ONGC scrip ended 0.82 percent higher, while TCS lost 1.02 percent on the BSE.
Reliance Industries with a market capitalisation of Rs 2,71,904 crore was at third place, followed by ITC (Rs 2,66,133 crore) and Coal India (Rs 1,88,543 crore).
Market capitalisation or the value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time.
This figure changes daily with the change in the stock price.
The BSE 30-stock index, Sensex, advanced by 34.37 points, or 0.17 percent to 20,247.33, the level last seen in January, 2011. The index had gained 521 points in last two trading sessions.