Tata Group software services company TCS today became the country’s most valued firm with a market capitalisation of Rs 2,79,804 crore,surpassing energy major ONGC’s value of Rs 2,79,465 crore.
At the end of trade today,TCS commanded a market cap of Rs 2,79,804 crore,the highest for any listed company in the country. This is about Rs 339 crore more than the ONGC’s m-cap.
Shares of TCS ended 0.31 per cent higher,while ONGC settled with a loss of 0.53 per cent on the BSE.
Last week on Thursday,ONGC had surpassed the market value of TCS,but the energy major’s rein at the top position proved to be short-lived with the IT major reclaiming the coveted position today.
Reliance Industries with a market capitalisation of Rs 2,59,989 crore was at third position,followed by ITC (Rs 2,50,804 crore) and Coal India (Rs 1,96,786 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.