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Reliance Industries Ltd (RIL) on Tuesday went past Tata Consultancy Services (TCS) to become the most-valued firm in terms of market valuation.
RIL’s market capitalisation (m-cap) was at Rs 8,11,048.27 crore at the close of trade, which was Rs 11,246.23 crore more than that of Tata Consultancy Services’ (TCS) Rs 7,99,802.04 crore valuation on the Bombay Stock Exchange (BSE).
Shares of RIL settled at Rs 1,279.45, up 2.20 per cent on the BSE. Intra-day, it rose 2.55 per cent to Rs 1,283.85.
Read : TCS Q1 profit rises nearly 11 per cent
The scrip of TCS, however, fell by 2.05 per cent to close at Rs 2,131.45. During the day, it declined 3.95 per cent to Rs 2,090.
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, RIL was placed at the top of the pack followed by TCS, HDFC Bank (Rs 6,50,136.04 crore), HDFC (Rs 3,85,207.96 crore) and HUL (Rs 3,76,545.49 crore).
The m-cap of companies changes daily with stock price movement.
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