ONGC pips TCS to become most-valued co

Mumbai: State-run ONGC on Tuesday became the country's most valued company with a market capitalisation of over Rs 2.47 lakh crore, surpassing Tata Group software services company TCS. 

    At the end of Tuesday's trade, energy major ONGC commanded a market value of Rs 2,47,681 crore—the highest for any listed company in India. This is about Rs 4,550 crore more than Tata Consultancy Services' market value of around Rs 2,43,125 crore. A sharp gain of 1.44% in ONGC's share price pushed the company to the top slot. In comparison, TCS shares fell by 1.43%. Market capitalisation of a listed company corresponds to the cumulative market price of all its shares. This figure changes daily with the change in the stock price. 
    In August last year, ONGC had replaced Reliance Industries as the country's most valued company. AGENCIES