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
- Does stake sale plan signal end of the road for Niko Resources in India? Read more
- UDAY: Financial engineering at its best Read more
- Essar Group rides the cycle of business fortunes Read more
- Oil firms propose new MDR, banks yet to agree Read more
- RIL bets on Chavez era for Venezuela spend Read more
- Cabinet rejig: Govts poster boys Pradhan & Goyal get their due with fresh challenges Read more
- Gogoi opposes auctioning of marginal oil and gas fields of Assam Read more
- BSES discoms likely to get PFC bailout Read more
- US assures to provide finances to India for renewable energy Read more
- Natural gas losing its shine as Asia holds faith in coal power Read more