RIL regains status as the country's most valued firm by m-cap
Update: 2018-07-31 23:19 IST
On Tuesday Reliance Industries Ltd. (RIL) regained its status as the country’s most valued firm by market capitalisation (m-cap), replacing the Tata Group’s Tata Consultancy Services (TCS) from the top slot.
During the afternoon trade on BSE, the market valuation of RIL stood at ₹7,47,676.35 crore, which is ₹8,378.48 crore more than that of TCS’ ₹7,39,297.87 crore m-cap. Shares of RIL surged 2.75% to ₹1,181.35 — its lifetime high on BSE on July 31. On the other hand, shares of TCS dropped by 0.79% to ₹ 1,929.55.
Reliance Industries had earlier this month crossed the $100-billion market capitalisation mark. The m-cap figure of companies changes daily with stock price movement.