TCS Surpasses Reliance Industries To Reclaim Most-Valued Firm Status
RIL had on Monday raced past TCS to become the country’s most-valued firm. Now TCS is back on top.
Tata Consultancy Services Ltd. on Tuesday reclaimed the status as the country's most-valued company by market valuation replacing 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 of TCS was at Rs 8.2 lakh crore, which is Rs 11,835.13 crore more than that of RIL’s Rs 8.08 lakh crore.
Shares of TCS rose 1.09 percent to close at Rs 2,187.15 apiece on the Bombay Stock Exchange, while those of RIL fell 1.25 percent 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.
In the ranking of top domestic firms by m-cap, TCS was at number one position followed by RIL, HDFC Bank Ltd. with a valuation of Rs 6.07 lakh crore, Hindustan Unilever Ltd. (Rs 3.98 lakh crore) and Housing Development Finance Corporation Ltd. (Rs 3.6 lakh crore).
The market capitalisation of companies changes daily with stock price movement.