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CIL 4th most valued India firm with m-cap at 
2.16 lk Crore
Friday, 05 November 2010, 06:31 IST
New Delhi: In a spectacular debut on the bourses, Coal India today became the country's fourth largest company in terms of valuation with a market capitalisation of 
2.16 lakh crore and pushed MMTC out from the club of top-10 most valued firms.
Coal India Ltd (CIL) witnessed a sparkling trading session and became the part of the elite club on the very first day of trade, causing setback to the public sector trading firm MMTC, which finished the day with m-cap of 1.3 lakh crore.
"The coal sector will continue to see growing demand and investors are keen to participate. The CIL deal opens up opportunities for other entities seeking to grow their business and take it to the next level," DSP Merrill Lynch Head of Global Capital Markets Saurabh Sonthalia said.
CIL today listed on bourses with a handsome premium of 17 percent and settled with a gain of 39.73 percent at 342.35 over its IPO issue price of 245 a share on the Bombay Stock Exchange.
State-run coal major emerged as the fourth most valued firm after Mukesh Ambani-led Reliance Industries, energy giant ONCG Corp and the country's largest lender State Bank of India .
With a m-cap of 3,61,516.18 crore, Reliance Industries remains the country's most valuable company, followed by ONGC at the second position with m-cap of 2,93,239.08 crore and SBI at the third spot with the valuation of 2,18,112.72 crore.
Besides, IT giants TCS and Infosys Technologies were left behind by the world's largest coal firm CIL in terms of m-cap. TCS ended with a total valuation of 2.09 lakh crore while Infosys finished the day with an m-cap of 1.76 lakh crore.
Others in the top 10 list included--NTPC ( 1,60,539.11 crore) at seventh spot, ICICI Bank ( 1,44,932.24 crore) at eighth, ITC ( 1,35,997.95 crore) at ninth and L&T ( 1,31,968.58 ) at tenth position.
Infrastructure giant L&T also today made a smart entry in the kitty of the country's ten most valued firms, replacing the telecom major Bharti Airtel, which grabbed the twelfth spot with a m-cap of 1,23,951.05 crore.
Source: PTI
2.16 lakh crore and pushed MMTC out from the club of top-10 most valued firms.
Coal India Ltd (CIL) witnessed a sparkling trading session and became the part of the elite club on the very first day of trade, causing setback to the public sector trading firm MMTC, which finished the day with m-cap of 1.3 lakh crore.
"The coal sector will continue to see growing demand and investors are keen to participate. The CIL deal opens up opportunities for other entities seeking to grow their business and take it to the next level," DSP Merrill Lynch Head of Global Capital Markets Saurabh Sonthalia said.
CIL today listed on bourses with a handsome premium of 17 percent and settled with a gain of 39.73 percent at 342.35 over its IPO issue price of 245 a share on the Bombay Stock Exchange.
State-run coal major emerged as the fourth most valued firm after Mukesh Ambani-led Reliance Industries, energy giant ONCG Corp and the country's largest lender State Bank of India .
With a m-cap of 3,61,516.18 crore, Reliance Industries remains the country's most valuable company, followed by ONGC at the second position with m-cap of 2,93,239.08 crore and SBI at the third spot with the valuation of 2,18,112.72 crore.
Besides, IT giants TCS and Infosys Technologies were left behind by the world's largest coal firm CIL in terms of m-cap. TCS ended with a total valuation of 2.09 lakh crore while Infosys finished the day with an m-cap of 1.76 lakh crore.
Others in the top 10 list included--NTPC ( 1,60,539.11 crore) at seventh spot, ICICI Bank ( 1,44,932.24 crore) at eighth, ITC ( 1,35,997.95 crore) at ninth and L&T ( 1,31,968.58 ) at tenth position.
Infrastructure giant L&T also today made a smart entry in the kitty of the country's ten most valued firms, replacing the telecom major Bharti Airtel, which grabbed the twelfth spot with a m-cap of 1,23,951.05 crore.
Source: PTI