Reliance Industries races past TCS to become most valued firm by m-cap
Reliance Industries Ltd (RIL) on Tuesday went past Tata Consultancy Services (TCS) to become the most-valued firm in terms of market valuation.
RIL’s market capitalisation (m-cap) was at Rs 8,11,048.27 crore at the close of trade, which was Rs 11,246.23 crore more than that of TCS’s Rs 7,99,802.04 crore valuation on the BSE.
Shares of RIL settled at Rs 1,279.45, up 2.20 per cent on the BSE. Intra-day, it rose 2.55 per cent to Rs 1,283.85.
The scrip of TCS, however, fell by 2.05 per cent to close at Rs 2,131.45. During the day, it declined 3.95 per cent to Rs 2,090.
Both the companies have in the past also competed against each other for the most valued company status.
