ONGC regains position as most valued PSU

ONGC regains position as most valued PSU
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First Published: Mon, Jan 05 2009. 06 54 PM IST
Updated: Mon, Jan 05 2009. 06 54 PM IST
By PTI
Mumbai: Oil and Natural Gas Corporation today regained its position as the most valued state-run entity in the country, a week after it was toppled by power generator NTPC.
At the end of the trade today, the market cap of ONGC stood at Rs1,54,800.90 crore - ahead of NTPC’s Rs1,49,284.13 crore.
Shares of ONGC today surged 6.43% to Rs723.75, while NTPC dipped 1.60% to Rs 181.05 at the end of trade today.
ONGC and NTPC are followed by MMTC, SBI, NMDC, BHEL, Indian Oil, SAIL, Power Grid and GAIL India in the top 10 most valued PSU firms.
Of this, six companies - ONGC, NTPC, MMTC, SBI, BHEL and NMDC - figure among the 10 most valued firms across public and private sector entities.
Of the 10 most valued firms in the country, ONGC is ranked as the second most valued firm after private sector behemoth Mukesh Ambani-led Reliance Industries.
Among private sector giants, RIL is followed by Bharti Airtel, Infosys, ITC, ICICI Bank, Reliance Communications, HUL, DLF, TCS and L&T among the top 10.
RIL ended the trade today with a market cap of Rs2,14,941.74 crore.
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First Published: Mon, Jan 05 2009. 06 54 PM IST
More Topics: ONGC | PSU | MMTC | SBI | NMDC |