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Journalism of Courage
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.
