RIL is India8217;s most valued company again,ONGC is No 2

ONGC8217;s share prices,however,declined 1.10 per cent to Rs 274.95 a piece. On Friday,ONGC had toppled RIL to claim the title of the country8217;s most-valued company. At the end of Friday8217;s trade,RIL had a market cap of Rs 2,35,571 crore,while ONGC commanded a market value of Rs 2,37,842 crore. RIL had first toppled ONGC to become the country8217;s most-valued firm in late 2006. In the past few days,a game of musical chairs was being played out on bourses between RIL,CIL and ONGC for the title of country8217;s most-valued company.

Earlier on August 17,state-run Coal India Ltd CIL dethroned RIL to become the country8217;s top valued firm. Two days later,RIL briefly slipped to third position in the valuation charts,after CIL and ONGC but only to reclaim the No 2 position by the time of market close. CIL8217;s stint at the top proved to be short-lived,with RIL reclaiming this position within six days on August 23. A day later,on August 24,CIL lost further ground and slipped to third position in the valuation charts after RIL and ONGC. CIL continues to be the country8217;s third-most valued company,with a total market capitalisation of Rs 2,33,263 crore as on On Monday.