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RIL regains status as the country's most valued firm by m-cap
Highlights
On Tuesday Reliance Industries Ltd RIL regained its status as the countrys most valued firm by market capitalisation mcap, replacing the Tata Groups Tata Consultancy Services TCS from the top slot
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.
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