File photo of Mukesh D. Ambani, chairman of India’s Reliance Industries Ltd.  (Photographer: Adam Berry/Bloomberg)

Reliance Industries Reclaims Tag Of India’s Most Valued Firm By Market Value

Reliance Industries Ltd. on Tuesday went past Tata Consultancy Services Ltd. to become the most-valued firm in terms of market capitalisation.

RIL’s market capitalisation was at Rs 8.11 lakh crore at the close of trade, which was Rs 11,246.23 crore more than that of TCS at Rs 7.99 lakh crore on the Bombay Stock Exchange.

Shares of RIL settled at Rs 1,279.45, up 2.20 percent on the BSE. Intraday, it rose 2.55 percent to Rs 1,283.85.

The scrip of TCS, however, fell by 2.05 percent to close at Rs 2,131.45. During the day, it declined 3.95 percent to Rs 2,090 apiece.

Both the companies have in the past also competed against each other for the most valued company status.

In the list of top-five domestic firms, Reliance was at the top of the pack followed by TCS, HDFC Bank (Rs 6,50,136.04 crore), Housing Development Finance Corporation Ltd. (Rs 3,85,207.96 crore) and Hindustan Unilever Limited (Rs 3,76,545.49 crore).

The market capitalisation of companies changes daily with stock price movement.

Also read: Q1 Results: TCS’ Profit Flat, Margin Narrows On Wage Costs

Bloomberg Quint

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