Reliance Industries Replaces TCS As Top Firm In Market Capitalisation
RIL, with a market valuation of Rs 7,95,179.62 crore at close of trade on Friday stood at the top of the domestic market-capitalisation ranking.
The market capitalisation of TCS was at Rs 7,75,092.58 crore, which is Rs 20,087.04 crore less than that of RIL.
Shares of RIL zoomed 6.42 percent to close at Rs 1,254.40 apiece on the BSE in line with a strong broader market.
TCS, however, fell by 1.74 percent to close at Rs 2,065.60.
Both these heavyweight companies have in the past also competed with each other for the most valued company status.
The market capitalisation of companies changes daily with stock price movement.