Corporate Jun 12, 2013
Mumbai: State-run energy major ONGC today reclaimed the status of the country's second most valued firm in terms of market valuation, pushing ITC to the third slot.
FMCG major ITC had yesterday surpassed ONGC to become the county's second most valued firm, but its rein at the coveted spot proved to be short-lived.
At the end of today's trade, ONGC commanded a market valuation of Rs 2,64,749 crore, while the value of ITC stood at Rs 2,62,340 crore.
Shares of ITC ended the day nearly 1 per cent lower, while ONGC closed 0.31 per cent up on the BSE.
IT major TCS with Rs 2,87,290 crore market capitalisation is the most valued Indian firm. RIL with Rs 2,56,094 crore market value is the fourth most valued company, followed by Coal India Ltd (Rs 1,91,575 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 every day with the change in the stock price.