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    Reliance tops TCS to become most valued firm

    Synopsis

    Shares of RIL settled at Rs 1,279.45, up 2.20 per cent on the BSE.

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    New Delhi: Reliance Industries Ltd (RIL) Tuesday went past Tata Consultancy Services to become the most-valued firm in terms of market valuation.

    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.
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    2 Comments on this Story

    Sunilkumar Tejwani403 days ago
    all the index management by vested interests , so as to manage the Body
    showfast 403 days ago
    What nonsense is this. Almost throughout the year TCS leads in MCap over Reliance, and today when Reliance is marginally over TCS it makes news. Clearly this is bogus favoritism. TCS will overtake Reliance in a day or two. Reliance is fast turning out to be another DHFL/Zee/Anil Ambani Group. Stay away from Reliance.
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