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Coal India (CIL) 3rd most-valued co in m-cap race

State-owned Coal India (CIL) has become the third most valuable Indian company with a total market capitalisation (m-cap) of 2,09,671.6 crore and lags behind only RIL and Oil and ONGC. The coal behemoth added another feather to its cap last week when it replaced IT giant TCS to become the India's third most coveted firm. CIL added. 7,611.2 Crore to its valuation on Friday. According to market analysts, investors are optimistic about the stock and looking at the cash balance of the company it is likely that it may go for acquisitions either in the domestic space or overseas. Meanwhile, the cumulative market valuation of eight of the top-10 firms reduced by 57,044.1 crore in the past week. RIL, the country's most valued firm, witnessed a wealth erosion of 21,270.5 crore. Yet, with an m-cap of 3,26,207 crore this week-end, it still maintained its top rank in the top-10 companies as per their valuations.

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