Reliance Industries Ltd (RIL) on Monday overtook FMCG major ITC to become the country’s third most valued company after TCS and ONGC.
At the end of the trade, RIL commanded market value of Rs 2,65,814 crore. This is about Rs 7,978 crore more than ITC’s m-cap of Rs 2,57,836 crore.
Shares of RIL ended 2.53 per cent higher at Rs 821.50, while ITC’s fell by 1.35 per cent to Rs 326.30 on the BSE.
RIL had last week slipped to fourth position in the list of top-10 most valued companies of the country in terms of their market valuation.
TCS with a market capitalisation of Rs 2,86,703 crore was at the top of the chart, followed by ONGC (Rs 2,72,663 crore), RIL, ITC and Coal India (Rs 1,99,249 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 every day with the change in the stock price.