Reliance overtakes TCS to become most valued firm again as shares jump 10%1 min read . Updated: 25 Mar 2020, 01:07 PM IST
- Tracking gains in the share price, Reliance's market valuation also rose to ₹6,49,838.31 crore
- There are media reports that Facebook Inc was in talks to buy stake in Reliance Jio
NEW DELHI : Reliance Industries Limited (RIL) on Wednesday surpassed TCS to become the most valued domestic firm by market capitalisation during morning trade following a spike in its share price. The company's scrip zoomed 9.74 per cent to ₹1,035 on the BSE.
On the NSE, it climbed 9.61 per cent to ₹1,034.10.
Tracking gains in the share price, the company's market valuation also rose to ₹6,49,838.31 crore. With this, the company surpassed Tata Consultancy Services (TCS) to become the most valued domestic firm by market capitalisation.
Meanwhile, there were media reports that Facebook Inc was in talks to buy stake in the company's telecom unit, Jio.
The valuation of TCS was at ₹6,46,460.84 at 12:19 hrs.
This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.