Reliance Industries pips TCS to become most-valued Indian company

Reliance Industries pips TCS to become most-valued Indian company

Mukesh Ambani-led Reliance Industries on Friday regained its status as India’s most valued firm by market capitalisation, overtaking Tata Group’s crown jewel TCS. Shares of RIL were trading 3.43 per cent higher at Rs 1,416.40 on BSE at 1236 hrs, giving the company a market capitalisation (m-cap) of Rs 4,60,291.20 crore — the highest for any listed firm in the country.

This was Rs 3,151.92 crore more than TCS’ Rs 4,57,139.28 crore valuation at the time. The scrip of TCS was quoting 0.33 per cent lower at Rs 2,320.65. Reliance Industries had on Tuesday briefly regained its status as India’s top-valued firm, overtaking TCS. Read More…

 

Credit By : Indian Express

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