ONGC topples SBI to reclaim its status as most valued PSU
Energy behemoth ONGC today surged past State Bank of India to reclaim the status of the most- valued PSU by market valuation.
A day after State Bank toppled the energy firm, the market capitalisation (m-cap) of ONGC stood at Rs 2,30,805.73 crore at the end of trade today. This was Rs 323.59 crore more than SBI's m-cap of Rs 2,30,482.14 crore. ONGC had 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 both the companies traded weak in today's session but the fall was sharper in SBI's case.