In a veritable game of musical chairs, energy giantsReliance Industries and ONGC pipped each other several times to the position of the country's most-valued firm during afternoon trade in the stock market today.
In early afternoon trade, ONGC toppled RIL as the country's most valued firm, but its lead lasted only for a few seconds before the private sector corporate giant grabbed the top slot again.
Within minutes, ONGC again passed RIL on the market valuation charts, albeit only for a few seconds, and a kind of race was on between the two, with less than a 0.1% difference in their market valuations.
At 1313 hours, ONGC shares were trading 0.43% up on the BSE, giving the company a market value of Rs 242,462 crore, higher than RIL's Rs 242,201 crore.
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