Reliance again overtakes TCS as India’s most valued firm
RIL shares rise 3.1% to record high of 1,185.85, imparting it a market cap of 7.51 trillion. TCS, which closed 0.19% lower at 1,941.25 per share, was valued at 7.43 trillion
Mumbai: Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) on Tuesday surpassed India’s biggest software services firm Tata Consultancy Services Ltd (TCS) to become the country’s most valued firm in terms of market capitalization—a first since April. Data from the BSE showed RIL has a market cap of ₹ 7.51 trillion, after its shares rose 3.1% on the BSE to record high of ₹ 1,185.85. TCS, which closed 0.19% lower at ₹ 1,941.25 per share, was valued at ₹ 7.43 trillion.