Reliance Industries races past TCS to become country's most valued firm by market valuation

Reliance Industries Ltd (RIL) on Monday raced past TCS to become the country's most valued firm by market valuation

Press Trust of India August 19, 2019 19:03:30 IST
Reliance Industries races past TCS to become country's most valued firm by market valuation
  • At close of trade on Monday, RIL's market capitalisation (m-cap) stood at Rs 8,19,073.62 crore, which is Rs 7,226.43 crore more than that of Tata Consultancy Services' (TCS) m-cap of Rs 8,11,847.19 crore on the BSE

  • Shares of RIL rose by 1.15 percent to close at Rs 1,292.10 on the BSE, while those of TCS closed flat at Rs 2,163.55

  • Since 9 August, RIL shares have gone up by over 11 percent

New Delhi: Reliance Industries Ltd (RIL) on Monday raced past TCS to become the country's most valued firm by market valuation.

At close of trade on Monday, RIL's market capitalisation (m-cap) stood at Rs 8,19,073.62 crore, which is Rs 7,226.43 crore more than that of Tata Consultancy Services' (TCS) m-cap of Rs 8,11,847.19 crore on the BSE.

Reliance Industries races past TCS to become countrys most valued firm by market valuation

Representational image. Reuters.

Shares of RIL rose by 1.15 percent to close at Rs 1,292.10 on the BSE, while those of TCS closed flat at Rs 2,163.55.

RIL shares have gained ground since the announcement of a host of investor-friendly proposals at its annual general meeting held early last week.

Since 9 August, RIL shares have gone up by over 11 percent.

RIL and TCS have in the past also competed with each other for the number one position in terms of market capitalisation.

In the domestic m-cap ranking, RIL was at number one position followed by TCS, HDFC Bank (Rs 6,03,371.38 crore), HUL (Rs 3,94,145.32 crore) and HDFC (Rs 3,64,763.82 crore) in the top-five list.

The m-cap figure of companies changes daily with stock price movement.

(Disclosure - Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd)

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