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RIL overtakes TCS to become most valued Indian firm

Equity Tips

After a gap of 2-months, Reliance Industries Ltd (RIL) on Friday regained the status of the country's most valued firm, overtaking Tata Group’s Tata Consultancy Services (TCS) in terms of market valuation.

At close of trade, RIL commanded a market capitalisation (m-cap) of Rs 4,66,599.69 crore, which was Rs 1,450.62 crore more than TCS' Rs 4,65,149.07 crore valuation.

Shares of RIL ended flat at Rs 1,435, up 0.13 percent, while Tata Consultancy Services fell by 1.47 percent to close at Rs 2,360.65 on BSE.

So far this year, shares of RIL have gained nearly 33 percent, while TCS is trading flat, down 0.05 percent.

Temporary ups and down in the valuation chart of the two firms were seen in April as well.

On April 24, RIL had managed to close the trading session as the most valued firm.

TCS had replaced RIL as the most valued firm more than four years ago but a sharp rally in the shares of the Mukesh Ambani-led firm in the recent past has helped the company close the gap.

The m-cap figure changes daily with the stock price movement.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

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