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

  • At the close of trade, the market capitalisation (m-cap) of Tata Consultancy Services (TCS) stood at Rs 7,98,620.04 crore

  • This is Rs 17,455.58 crore more than that of Reliance Industries Limited (RIL) at Rs 7,81,164.46 crore on the BSE

  • Shares of TCS rose by 1.51 percent to close at Rs 2,128.30 on the BSE, while those of RIL declined 2.11 percent to Rs 1,232.30

New Delhi: Tata Consultancy Services on Thursday went past Reliance Industries Limited to become the country's most valued firm by market valuation yet again.

At the close of trade, the market capitalisation (m-cap) of Tata Consultancy Services (TCS) stood at Rs 7,98,620.04 crore, which is Rs 17,455.58 crore more than that of Reliance Industries Limited (RIL) at Rs 7,81,164.46 crore on the BSE.

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

Representational image. Reuters.

Shares of TCS rose by 1.51 percent to close at Rs 2,128.30 on the BSE, while those of RIL declined 2.11 percent to Rs 1,232.30.

Both TCS and RIL keep competing with each other for the coveted title of the most valued domestic firm in terms of market capitalisation.

Apart from TCS and RIL, others in the top five list are HDFC Bank with a market valuation of Rs 6,24,666.23 crore, followed by HDFC (Rs 3,78,824.35 crore) and HUL (Rs 3,75,809.46 crore).

The m-cap figures of companies 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 25, 2019 19:46:04 IST