Reliance Industries is known as the largest Indian company by market capitalization but soon the company can lose its number one position as PSU major Coal India Limited is all set to dethrone the company’s present capitalization figures.

Market capitalization or M-cap is basically the total market value of all of a company's outstanding shares, which is calculated by multiplying a company's shares outstanding with the current market price per share.

In context to same, the latest data has revealed that Coal India’s M-Cap is Rs. 2,47,033 crore, which is less by only 2 per cent from M-Cap of RIL of Rs. 2,52,282.84 crore. Since 2007, Reliance Industries has been serving as India's most valued companies in the list.

Reports have also shown that Coal India has showcased a steady growth since November 2010, the year when it was listed. Presently, the company is trading at 62 per cent premium to its listing price. On the other hand, Reliance figures have fell down in the markets thereby hitting a two year low that has occurred recently.

The Economist magazine has also pointed out that the stock looks relatively undervalued. “Reliance has no net debt to speak of and enviably high market shares in petrochemicals. Of Reliance’s main business lines, refining is chugging along, and the firm is investing to double the size of its petrochemicals unit. Add to it Reliance’s nascent shale-gas projects in America, and gross operating profit from these activities could double to $11 billion in 3-4 years.”