RIL regains most-valued company status, ONGC at second spot

Aug 01, 2012 |

mumbai

Tags:

Reliance Industries on Wednesday replaced ONGC as the country's most valued company in terms of market capitalisation, as investors rallied behind the shares of the Mukesh Ambani-led firm.

At 2.37 pm, RIL commanded a market value of Rs 2,44,232 crore -- higher than ONGC's Rs 2,40,922 crore which slipped to second place in the list of market valuation chart.

While RIL shares were trading 0.4 per cent higher in a lackluster market, ONGC shares fell by 1.47 per cent.

Yesterday, state-owned energy major ONGC had surpassed software giant TCS to become country's most valued company.

TCS, with an m-cap of Rs 2,40,346 crore was at third spot, followed by CIL (Rs 2,18,862 crore) and ITC (Rs 2,01,715 crore).

TCS had on May 2 replaced Reliance Industries as the country's most valued company.

Way back in 2006, RIL had toppled ONGC to emerge as the country's most valued firm and has largely managed to stay on the top since then, except for a few brief periods in the last few months.

A company's market capitalisation is determined by multiplying its share price with total number of shares.

Post new comment

<form action="/comment/reply/176893" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-a08574393ac62ffad5d4eb3d0816a27d" value="form-a08574393ac62ffad5d4eb3d0816a27d" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="80480703" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>