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Rcom becomes fifth most valued firm on bourses

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Roshni Bhatia
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Rcom becomes fifth most valued firm on bourses - July 5th, 2007

MUMBAI: Leading telecom company Reliance Communications on Wednesday became the fifth most valued firm on the bourse , with a market capitalisation of over Rs 1,10,000 crore that places it ahead of IT majors Infosys and TCS.

The Anil Ambani group firm's scrip on Wednesday gained one per cent to end at Rs 541.95 taking its market cap to Rs 1,10,808.18 crore ahead of Infosys' Rs 1,10,415.82 crore and the Tata group entity's Rs 1,09,334.09 crore.

Reliance Industries with a market valuation of Rs2,30,000 crore is the most valued firm on the bourses followed by PSU major ONGC at Rs 1,86,000 crore and telecom giant Bharti Airtel at Rs 1,63,000 crore.

NTPC enjoys the fourth position in terms of market cap at Rs 1, 28,000 crore.

In May, RCom, ranked among Asia's six top most valuable telecom companies, had added a record 1.4 million subscribers to its mobile network. Overall, the company has a customer base of over 35 million including over one million individual overseas retail customers.

source: dnaindia.com
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Re: Rcom becomes fifth most valued firm on bourses - July 5th, 2007

If the story continues then RCOM will be above NTPC.............
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