For Quick Alerts
For Daily Alerts

Reliance Industries Topples TCS As India's Most Valued Firm


Reliance Industries today briefly toppled TCS as the country's most valued firm a position the Mukesh Ambani-led firm had held for many years before ceding it to Tatas' crown jewel more than four years ago.

RIL saw its market capitalization (m-cap) soaring to a record high of about Rs 4.58 lakh crore in morning trade at around 1015 hours, exceeding TCS's Rs 4.56 lakh crore valuation at that time.

Reliance Industries Topples TCS As India's Most Valued Firm

Shares of RIL rose by over 1 per cent to a multi-year high of Rs 1,410 on BSE. The scrip of TCS gained 0.77 per cent to Rs 2,338.95. However, RIL's valuation later came down to Rs 4.52 lakh crore, which was Rs 4,508.4 crore less than that of TCS Rs 4.57 lakh crore m-cap at 1330 hrs. With this, TCS reclaimed the status of the country's most valued firm followed by RIL, HDFC Bank, ITC and SBI in the top-five bunch.

Shares of RIL have surged nearly 29 per cent so far this year, while TCS has lost nearly 2 per cent during the same period. TCS will announce its quarterly earnings today and RIL on Monday.

Read more about: ril tcs
Story first published: Tuesday, April 18, 2017, 16:00 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more