Reliance tops TCS to become most valued firm
Shares of RIL settled at Rs 1,279.45, up 2.20 per cent on the BSE.
RIL's market capitalisation (m-cap) was at Rs 8,11,048.27 crore at the close of trade, which was Rs 11,246.23 crore more than that of Tata Consultancy Services' (TCS) Rs 7,99,802.04 crore valuation on the BSE.
Shares of RIL settled at Rs 1,279.45, up 2.20 per cent on the BSE. Intra-day, it rose 2.55 per cent to Rs 1,283.85.
The scrip of TCS, however, fell by 2.05 per cent to close at Rs 2,131.45. During the day, it declined 3.95 per cent to Rs 2,090.
Both the companies have in the past also competed against each other for the most valued company status.
In the list of top-five domestic firms, RIL was placed at the top of the pack followed by TCS, HDFC Bank (Rs 6,50,136.04 crore), HDFC (Rs 3,85,207.96 crore) and HUL (Rs 3,76,545.49 crore).
The m-cap of companies changes daily with stock price movement.