NEW DELHI :
Reliance Industries Limited on Friday raced past TCS to clinch the title of the most valued domestic firm by market valuation, helped by a rally in its share price.
Reliance Industries Limited (RIL) with a market valuation of ₹7,95,179.62 crore at close of trade on Friday stood at the top of the domestic m-cap ranking.
The m-cap of Tata Consultancy Services (TCS) was at ₹7,75,092.58 crore, which is ₹20,087.04 crore less than that of RIL's.
Shares of RIL zoomed 6.42% to close at ₹1,254.40 apiece on the BSE in line with a strong broader market.
TCS, however, fell by 1.74% to close at ₹2,065.60.
Both these heavyweight companies have in the past also competed with each other for the most valued company status.
The top five most valued firms by m-cap chart was led by RIL followed by TCS, HDFC Bank ( ₹6,56,546.37 crore), Hindustan Unilever Ltd ( ₹4,26,467.98 crore) and HDFC ( ₹3,54,270.94 crore).
The market capitalisation (m-cap) of companies changes daily with stock price movement.
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