ALSO READRIL topples TCS as most-valued firm briefly; SBI tops PSU chart Reliance Industries briefly topples TCS as India's most valued firm PSU banks on a roll; SBI becomes most valued PSU More losers than gainers in m-cap play; TCS, RIL badly hit TCS, RIL, Infosys, HUL lose Rs 26,738 cr in market capitalisation
State Bank of India (SBI) on Thursday yet again surpassed energy behemoth ONGC to become the country's most-valued PSU by market valuation. In the past few days, a game of musical chair was being played out between SBI and ONGC for the title of most-valued PSU. SBI on Tuesday for the first time toppled ONGC as the most-valued PSU. The market capitalisation (m-cap) of SBI at the end of Thursday's trade stood at Rs 2,31,049.83 crore.
This was Rs 757.42 crore more than ONGC's valuation of Rs 2,30,292.41 crore.ONGC has been the country's most valued firm across private and public sectors for some time a few years ago when it first toppled RIL from the top of the charts and then also TCS from the pole position. Shares of SBI on Thursday rose by 0.25 per cent to close at Rs 284.90, while ONGC ended at Rs 179.45, down 0.22 per cent on BSE. In the top-10 ranking, SBI stands at sixth place and ONGC at the seventh spot. TCS is the most-valued Indian firm with a market valuation of Rs 4,58,784.59 crore, followed by RIL (Rs 4,45,237.53 crore), HDFC Bank (Rs 3,74,631.37 crore), ITC (Rs 3,39,397.88 crore), HDFC (Rs 2,40,992.68 crore), SBI, ONGC, Infosys (Rs 2,13,076.07 crore), IOC (Rs 2,07,589.94 crore) and HUL (Rs 1,98,276.07 crore).