SBI Beats ONGC as most valued state-owned firm

In terms of market valuation, State Bank of India (SBI) surpassed Oil and Natural Gas Corporation (ONGC) to become the country’s most valued state-owned firm. At the end of trade, the market cap of SBI stood at Rs 235,307.51 crore. This is about Rs 2,961.79 crore more than that of PSU energy major ONGC’s Rs 232,345.72 crore. Among the top-10 most valued companies list, SBI is at fifth position, while ONGC is seventh.Telugu News Online

ONGC once used to be the country’s most-valued company in terms of market valuation. Among the top-10 most valued companies list, SBI is at fifth position, while ONGC is seventh.

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