TCS surpasses RIL to reclaim most-valued firm status

PTI

Business, Companies

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

At the end of trade on Tuesday, the market capitalisation (m-cap) of TCS was at Rs 8,20,702.82 crore, which is Rs 11,835.13 crore more than that of RIL's Rs 8,08,867.69 crore.

New Delhi: Tata Consultancy Services on Tuesday reclaimed the status as the country's most-valued company by market valuation replacing Reliance Industries Ltd.

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

At the end of trade on Tuesday, the market capitalisation (m-cap) of TCS was at Rs 8,20,702.82 crore, which is Rs 11,835.13 crore more than that of RIL's Rs 8,08,867.69 crore.

Shares of TCS rose 1.09 per cent to close at Rs 2,187.15 apiece on the BSE, while those of RIL fell 1.25 per cent to Rs 1,276.

RIL and TCS have in the past also competed with each other for the number one position in terms of m-cap.

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In the ranking of top domestic firms by m-cap, TCS was at number one position followed by RIL, HDFC Bank with a valuation of Rs 6,07,554.81 crore, HUL (Rs 3,98,550.69 crore) and HDFC (Rs 3,60,752.21 crore).

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

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