Coal News We love to talk!
Energy behemoth ONGC today surged past State Bank of India to reclaim the status of the most- valued PSU by market valuation.
A day after State Bank toppled the energy firm, the market capitalisation (m-cap) of ONGC stood at Rs 2,30,805.73 crore at the end of trade today. This was Rs 323.59 crore more than SBI's m-cap of Rs 2,30,482.14 crore.
ONGC had been the country's most valued firm across private and public sectors for some time a few years ago, when it first toppled RIL from the top of the charts and then also TCS from the pole position. Shares of both the companies traded weak in today's session but the fall was sharper in SBI's case.
The scrip of ONGC fell by 0.66 per cent to end at Rs 179.85 on BSE, while SBI lost 2.05 per cent to Rs 284.20. In intra-day trade, ONGC declined by 0.96 per cent to Rs 179.30 and SBI fell by 2.39 per cent to Rs 283.20. In the top-10 ranking, ONGC stands at sixth position while SBI is at seventh place.
TCS is the most-valued Indian company with a market valuation of Rs 4,53,543.25 crore followed by RIL (Rs 4,45,383.84 crore), HDFC Bank (Rs 3,70,813.18 crore), ITC (Rs 3,39,033.46 crore), HDFC (Rs 2,36,695.34 crore), ONGC, SBI, IOC (Rs 2,11,304.70 crore), Infosys (Rs 2,11,043.28 crore) and HUL (Rs 1,96,750.20 crore). SUM MR
- Indian coal utilities seek state funds or tariff hike to cut emissions Read more
- JSPL to start coal imports from Mozambique Read more
- Centres fuel subsidy math goes for a spin Read more
- BPCL - Still a gusher Read more
- RIL returns 1,384 acre of SEZ land in Haryana Read more
- Government panels to examine financial woes of telcos, power firms Read more
- OVL puts on hold 11% buy in Rosneft Vankorneft; ball in Narendra Modi court for better deal? Read more
- Shell Plc may re-enter the upstream business in India Read more
- ONGC to spend Rs16,200 crore to drill 45 wells in KG-Basin Read more
- CIL to seek shareholders' nod to extend CMD's tenure till 2017 Read more