TCS overtakes RIL to become most valued company again

NEW DELHI: on Friday surged past Ltd (RIL) to emerge as the country‘s by market valuation. At close of trade on on Friday, TCS‘ market capitalisation (m-cap) stood at Rs 7,63,360.46 crore, which is Rs 307.42 crore more than that of Reliance Industries‘ Rs 7,63,053.04 crore valuation.

ended 0.98 per cent higher at Rs 1,993.85 on BSE, while those of RIL slipped 1.15 per cent to close at Rs 1,204.

Reliance Industries had on August 8 surpassed IT major TCS to clinch the status of the most valued enterprise by m-cap.

However, its reign at the top uncover was short-lived as it slipped to the second uncover in overall m-cap ranking on Friday.

Over past few days, TCS and RIL have been vigorously competing for the title of the most-valued company.

On July 31, Reliance Industries had regained its status as the country‘s most valued company by m-cap, replacing ‘s crown jewel TCS from the top slot.

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However, TCS on August 1 reclaimed the country‘s most valued company status by market capitalization, pushing Reliance Industries to the second uncover.

The IT major had first replaced RIL as the most-valued company more than five years ago.

Reliance Industries had last month crossed the USD 100-billion market capitalisation mark.

On July 13, RIL‘s m-cap had briefly surged past the Rs 7 lakh crore mark, making it the second enterprise after TCS to achieve the milestone.

Later on July 20, RIL‘s market value surged past Rs 7 lakh crore for the second time in a week.

The m-cap figure of companies adjustments daily with share price movement. Get latest news & live updates on the go on your pc with . Download The for your device. in English and alternate languages.

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