The market valuation of Tata Consultancy Services (TCS) has once again surpassed that of Reliance Industries Limited to become the most-valued company in India by market valuation.
On Monday, RIL had raced past TCS to become the country's most-valued firm, however, at the end of trade on Tuesday, the market capitalisation of TCS was at Rs 8,20,702.82 crore, which is Rs 11,835.13 crore more than that of RIL's Rs 8,08,867.69 crore. The IT firm's M-Cap continued to remain higher on Wednesday morning.
A company's m-cap changes with daily movement in their stock prices.
Shares of TCS closed 1.09 percent higher at Rs 2,187.15 apiece on the BSE, while those of RIL fell by 1.25 percent to Rs 1,276.
In trade on Wednesday, shares of TCS gained further hitting a high of Rs 2,202 and a low of Rs 2,182.25 apiece. Shares of RIL were fluctuating between the intraday low and high of Rs 1,267.55 and Rs 1,277.25.
For over a year, the two companies have been holding the top two positions in terms of valuation while competing with each other. RIL and TCS have in the past also competed with each other for the number one position in terms of m-cap.
As per Tuesday's after market valuations, HDFC Bank holds the third position with a valuation of Rs 6,07,554.81 crore, followed by HUL (Rs 3,98,550.69 crore) and Housing Development Finance Corporation (Rs 3,60,752.21 crore).