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BSE   31 May 16 | 12:00 AM

211.15 -2.7 (-1.26%)
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Code: 500312
Face Value: N.A.

NSE   31 May 16 | 12:00 AM

210.75 -2.7 (-1.26%)
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Code: ONGC
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1 Week : Rs 210.20 (0.45%)
1 Month : Rs 217.90 (-3.10%)
1 Year : Rs 324.05 (-34.84%)
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ONGC topples TCS to become most valued firm

Press Trust of India / Mumbai 03 Jul 12 | 03:16 PM

State-owned ONGC today toppled software exporter TCS to becomes the country's most valued company with its market capitalisation soaring to over Rs 2.48 lakh crore, driven by a spurt in share price.

During the afternoon trade, ONGC commanded a market value of over Rs 2.48 lakh crore -- the highest for any listed company in India. This is about Rs 5,500 crore more than Tata Consultancy Services' (TCS) market value of around Rs 2.42 lakh crore.

A sharp gain of 1.59% in ONGC's share price today pushed the company to the top slot. In comparison, TCS fell by 1.61%.

Market capitalisation of a listed company corresponds to the cumulative market price of all its shares. This figure changes daily with the change in the stock price.

Reliance Industries with a market capitalisation of Rs 2.40 lakh crore stood at the third position, followed by Coal India (Rs 2.24 lakh crore) and ITC ( Rs 1.93 lakh crore).

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