TCS beats ONGC to become most-valued company

PTI

MUMBAI: Tata Group software services company Tata Consultancy Services today became the country's most valued firm with a market capitalisation of over Rs 2.87 lakh crore, surpassing energy major ONGC's value of more than Rs 2.84 lakh crore.

At the end of trade today, TCS commanded a market cap of Rs 2,87,320 crore. This is about Rs 2,508 crore more than the ONGC's m-cap of Rs 2,84,812 crore.

Shares of TCS ended without change, whileONGC fell by 2.09 per cent on theBSE.

Last week, state-owned energy major ONGC had pushed IT giant TCS to the second slot in the list of top-10 most-valued companies.

Reliance Industries  with a market capitalisation of Rs 2,68,910 crore was at third place, followed by ITC (Rs 2,64,434 crore) and Coal India (Rs 1,89,964 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 daily with the change in the stock price.