After massive fall in RIL stock on the back of its stock downgrade by Morgan Stanley, TCS major has pipped the oil to telecom conglomerate company to stand as the country's most valued company in terms of market cap. In some 4 sessions, the stock has lost 10% and was last seen trading at Rs. 1269.75 on the BSE.
After the sharp fall in its price, the market cap of RIL has now become Rs. 7,95,628.55 crore, and this is in comparison lower by Rs 18,1151.12 crore from TCS' market cap which at the closing hours on Thursday stood at Rs 8,13,779.67 crore.
TCS is the country's most valued firm followed by Reliance Industries, HDFC Bank Ltd. (Rs 6,24,362.11 crore), Hindustan Unilever Ltd. (Rs 3,67,880.69 crore) and ITC Ltd. (Rs 3,67,513.78 crore).
The m-cap of a scrip changes on a daily basis based on the stock price movement.