labels: rex mathew, ongc, markets - general
ONGC reclaims most valuable spot from Reliancenews
Rex Mathew
03 November 2006

Reliance Industries' (RIL) reign as the most valuable Indian company has lasted just over two weeks. With a 4.32-per cent surge in its stock price yesterday, PSU oil major ONGC has reclaimed the top spot – which it had held for more than four years till RIL took over last month.

At yesterday's closing prices, ONGC had a total market capitalisation of Rs179,441 crore as compared to RIL's Rs1,78,871 crore. The ONGC stock has gained another 3.5 per cent in early trades today, increasing the lead over RIL even further.

Most valuable Indian companies

Rank

Company

Market cap in Rs. crore

1

ONGC

179,441

2

Reliance Industries

178,871

3

Infoys Technologies

115,876

4

NTPC

106,734

5

TCS

105,700

6

Bharti Airtel

104,024

7

Reliance Communications

80,067

8

Wipro

76,537

9

ITC

70,832

10

ICICI Bank

69,484

Based on BSE closing prices on 02 November 2006


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ONGC reclaims most valuable spot from Reliance