Tata Consultancy Services (TCS) once again became the most-valued Indian company by market capitalisation following a smart surge in its share price.
Reliance Industries (RIL) on November 16 had pipped TCS to become the most-valued company in terms of market capitalisation.
At the end of trade on Bombay Stock Exchange (BSE), TCS commanded a market valuation of Rs 7,41,677.60 crore, which is Rs 15,124.33 crore more than that of RIL’s Rs 7,26,553.27 crore m-cap.
Shares of TCS went up by 4.67 per cent to close at Rs 1,976.55 on the BSE. During the day, it surged 4.96 per cent to Rs 1,982.15.
The scrip of Reliance Industries Ltd ended 1.66 per cent higher at Rs 1,146.25. Intra-day, it gained 2.67 per cent to Rs 1,157.70.
Over the past few months, RIL and TCS were competing with each other to claim the number one position in terms of market capitalisation.
The m-cap figure of companies changes daily with stock price movement.