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Wednesday, July 04, 2012

TCS is the most valued Indian firm


Tata group firm TCS regained its position of the country’s most valued company and pushed state-run ONGC to the second slot. ONGC had dethroned Tata Consultancy Services (TCS) from the pole position in market-valuation charts on Tuesday, but its leadership position proved to be short-lived and it slipped to the second position in today’s trading session. At the end of Wednesday’s trade, TCS commanded a market value of Rs 2,44,163 crore, higher than that of ONGC Rs 2,43,532 crore. TCS shares today gained 0.43 percent to close at Rs 1,247.50, but ONGC stock registered decline of 1.68 percent to close at Rs 284.65.
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