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
- 84% of solar cells, modules imported from China in FY16 Read more
- NEEPCO losing Rs 40 lakh daily as ONGC fails to supply gas in Tripura Read more
- Capacity utilisation at thermal plants touches new low of 59 per cent in June Read more
- ONGC, Reliance Industries may get higher price for CBM Read more
- Thermal coal imports soar 24% to 33 MT at 12 major ports Read more
- IL&FS; enters into JV with ORIX Corp. for wind energy projects Read more
- LPG plan: UPA chooses Narendra Modis hometown for next phase of subsidy transfer Read more
- Secretaries panel to submit report on new gas pricing formula by Wednesday Read more
- Telangana's solar power generation capacity reaches 3,800 Megawatt Read more
- R-LNG auctions: govt to save Rs. 18 cr; power plants set to fire up Read more