As of Friday, ONGC is ranked 25th according to market capitalisation, according to BSE data.

State-run Oil and Natural Gas Corporation (ONGC), with a market value of around Rs 3.10 lakh crore, now trails food delivery major Zomato, despite its subsidiaries and minority investments accounting for over one-third of its valuation shows that India’s largest oil and gas producer may be undervalued.

As per BSE data, ONGC’s market capitalisation was at Rs 3.097 lakh crore at Friday’s close, lower than Eternal Ltd (formerly Zomato) at Rs 3.36 lakh crore, Hindustan Aeronautics Ltd (HAL) at Rs 3.23 lakh crore, and Titan Company at Rs 3.13 lakh crore.

Back in 2012, ONGC was India’s most valuable firm with a market cap of Rs 2.44 lakh crore, surpassing both TCS and Reliance Industries. However, wh

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