TCS beats ONGC to become most-valued company

Software major Tata Consultancy Services today became the country's most valued firm with a market capitalisation of Rs 2.77 lakh crore. At the end of trade today, TCS commanded a market cap of Rs 2,77,680 crore. This is about Rs 397 crore more than the ONGC's m-cap of Rs 2,77,283 crore that slipped to second slot.

Shares of TCS ended 0.72 per cent lower, while ONGC was down 1.55 per cent. On April 25, state-owned energy major ONGC had pushed IT giant TCS to the second slot to emerge as the most valued company.

ITC with a market capitalisation of Rs 2,61,353 crore was at third place, followed by RIL (Rs 2,59,245 crore) and Coal India (Rs 2,00,828 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.