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RIL surpasses ONGC to become India's second most valued firm

By Religare
Reliance surpasses ONGC as the second most valuable firm
Mukesh Ambani-led Reliance Industries Ltd. (RIL) has overtaken state-run Oil and Natural Gas Corp (ONGC) to become India's second most valued firm after Tata Consultancy Services (TCS).

Meanwhile, shares of RIL were trading at Rs 818 a piece, down 0.68 per cent as against previous close on BSE. On the other hand, shares of ONGC were trading down by 1.59 per cent at Rs 303.05 a piece on BSE at 10:11 hours.

Besides, FMCG major ITC with market capitalization of Rs 2,60,879 crore is the fourth most valued company of the country, followed by state-run Coal India Ltd, whose market capitalization stands at Rs 1,91,449 crore.

Market capitalization or the value of a listed company is arrived at by multiplying the total number of its shares with stock price on a particular day or time.

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