Reliance Industries surpasses TCS to become most valued Indian firm

New Delhi: Reliance Industries Ltd (RIL) today toppled TCS to become the country's most valued firm in terms of market capitalisation after a week.

At close of trade today, the market capitalisation (m- cap) of RIL stood at Rs 4,68,160.44 crore -- Rs 3,582.79 crore more than TCS's Rs 4,64,577.65 crore valuation.

Reuters

Reuters

Shares of RIL rose by 1.20 percent to end at Rs 1,439.80, while those of TCS fell by 0.26 percent to Rs 2,357.75 on BSE.

RIL had on 23 June regained the status of the country's most valued firm, overtaking Tata Group’s TCS. However, Tata Consultancy Services (TCS) on 28 June surpassed Reliance Industries to reclaim the top slot.

TCS had replaced RIL as the most valued firm more than four years ago, but a sharp rally in the shares of Mukesh Ambani-led firm in the recent past has helped the company to close the gap.

Shares of RIL have gained over 33 percent so far this year, while TCS has lost 0.17 percent.

The m-cap figures change daily with the stock price movement.

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


Updated Date: Jul 05, 2017 19:18 PM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See