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This is an archive article published on April 18, 2013
ONGC surpasses TCS to become most valued firm
Shares of ONGC ended 1.73 per cent higher,while those of TCS dipped 0.58 per cent at the end of day's trade.
Written by PTI
Mumbai | April 18, 2013 05:56 PM IST
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1 min read
State-owned energy major ONGC today became the country8217;s most-valued company with market capitalisation of over Rs 2.86 lakh crore,surpassing Tata Group8217;s software services company TCS.
At the end of the day8217;s trade,ONGC commanded a market value of Rs 2,86,223 crore,the highest for any listed company in India. This is about Rs 2,289 crore more than Tata Consultancy Services8217; market capitalisation of Rs 2,83,934 crore.
Shares of ONGC ended 1.73 per cent higher,while those of TCS dipped 0.58 per cent at the end of day8217;s trade.
Reliance Industries with a market capitalisation of Rs 2,52,968 crore is the third most valued company,followed by ITC Rs 2,49,144 crore and Coal India Rs 1,89,017 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.
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