TCS is third most valuable firm by market cap

The market cap of TCS advanced by Rs 6,948.06 crore to Rs 2,32,642.58 crore

PTI | June 13, 2011



Tata Consultancy Services (TCS) has become the country's third most valued company in terms of market capitalisation as the software giant toppled oil & gas major ONGC to grab the coveted place during the past week.

The market cap of the country's largest software company advanced by Rs 6,948.06 crore to Rs 2,32,642.58 crore. During the last week, the company's counter also attracted investors as the scrip gained 3 per cent to settle at Rs 1,188.65 on the Bombay Stock Exchange.

With a loss of Rs 11,164.9 crore from its m-cap, ONGC slipped to the fourth place. The market cap of the state-run firm stood at Rs 2,28,345.76 crore as on Friday's trade.

Commenting on ONGC's downfall, SMC Global Securities Strategist & Head of Research Jagannadham Thunuguntla said, "The recent hike in oil subsidy burden on upstream companies from 33 per cent to 38 per cent is definitely making ONGC investors jittery".

Reliance Industries continued to hold the numero-uno position after it witnessed an addition of Rs 2,569.94 crore to its m-cap which stood at Rs 3,09,047.66 crore.

Coal India, the second most valued firm, saw its valuation surging by Rs 7,863.87 crore to Rs 2,55,338.85 crore.

IT major Infosys Technologies was at fifth position and added Rs 2,761.61 crore to take its market cap to Rs 1,64,295.9 crore.

Infosys was followed by ITC, NTPC, SBI, Bharti airtel and ICICI Bank.

FMCG major ITC lost Rs 1,470.24 crore from its market cap which was at Rs 1,48,300.69 crore, while power producer NTPC gained Rs 1,401.73 crore to Rs 1,45,202.55 crore.

Top lender SBI's valuation slipped by Rs 4,435.41 crore to Rs 1,42,425.08 crore, while airtel saw its m-cap diminishing by Rs 1,727.87 crore to Rs 1,41,989.27 crore.

ICICI Bank also saw a dip of Rs 1,595.54 crore from its m-cap which stood at Rs 1,19,227.27 crore.

Meanwhile, the BSE benchmark Sensex fell by 0.58 per cent, or 107.94 points, to end the week at 18,268.54.
 

Comments

 

Other News

How the mind can help the body heal itself

Why do some people recover from illness against all odds? Can our beliefs, emotions and consciousness influence the body’s ability to heal? Drawing on over three decades of experience in medicine, research and medical innovation, internationally trained ophthalmologist and author Dr Dinesh Verma ex

1,364 anti-cancer formulations to cost less from today

The National Pharmaceutical Pricing Authority (NPPA), under the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, has capped trade margins on the Maximum Retail Price (MRP) of 137 anti-cancer drugs. This was based on the recommendations of an Expert Committee constitute

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter