Reliance Industries surpasses TCS to become most valued Indian firm

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.

PTI July 05, 2017 19:18:28 IST
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.

Reliance Industries surpasses TCS to become most valued Indian firm

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)

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