You are here: Home » Companies
Business Standard

SBI is most-valued PSU firm, beats ONGC; TCS is most-valued Indian firm

In the top-10 ranking, SBI stands at sixth place and ONGC at the seventh spot

New Delhi 

State Bank of India
State Bank of India

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).

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, April 20 2017. 22:30 IST