RIL reclaims most valued company tag

New Delhi, Jul 31 (PTI): | Publish Date: 8/1/2018 4:33:08 AM IST

Reliance Industries Ltd. (RIL) on Tuesday regained its status as the country’s most valued firm by market capitalisation (m-cap), replacing Tata Group’s Tata Consultancy Services (TCS) from the top slot.

During afternoon trade on BSE, the market valuation of RIL stood at Rs.7,47,676.35 crore, which is Rs.8,378.48 crore more than that of TCS’ Rs.7,39,297.87 crore m-cap.

Shares of RIL surged 2.75% to Rs.1,181.35 - its lifetime high on BSE on July 31.

On the other hand, shares of TCS fell by 0.79% to Rs.1,929.55.

TCS had first replaced RIL as the most valued firm more than five years ago.

So far this year, RIL shares have surged over 28%, while those of TCS slumped 28.5%.

Reliance Industries had earlier this month crossed the $100-billion market capitalisation mark.

The m-cap figure of companies changes daily with stock price movement.




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