TCS beats ONGC

Tata Group software services company Tata Consultancy Services today became the country's most valued firm with a market capitalization 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, while ONGC fell by 2.09 per cent on the BSE. 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 capitalization 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 capitalization 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.

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