Reliance Industries Replaces TCS As Top Firm In Market Capitalisation
The Reliance Industries Ltd. logo is displayed atop the company’s gas station in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Reliance Industries Replaces TCS As Top Firm In Market Capitalisation

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Reliance Industries Ltd. on Friday raced past Tata Consultancy Services Ltd. to clinch the title of the most valued domestic firm by market valuation, helped by a rally in its share price.

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 top five most valued firms by market capitalisation chart was led by RIL followed by TCS, HDFC Bank Ltd. (Rs 6,56,546.37 crore), Hindustan Unilever Ltd. (Rs 4,26,467.98 crore) and Housing Development Finance Corporation Ltd. (Rs 3,54,270.94 crore).

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

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