Reliance replaces TCS as top firm in m-cap valuation
Reliance Industries Limited on Friday raced past TCS to clinch the title of the most valued domestic firm by market valuation, helped by a rally in its share price.
Reliance Industries Limited (RIL) with a market valuation of Rs 7,95,179.62 crore at close of trade on Friday stood at the top of the domestic m-cap ranking.
The m-cap of Tata Consultancy Services (TCS) was at Rs 7,75,092.58 crore, which is Rs 20,087.04 crore less than that of RIL's.
Shares of RIL zoomed 6.42 per cent to close at Rs 1,254.40 apiece on the BSE in line with a strong broader market.
TCS, however, fell by 1.74 per cent to close at Rs 2,065.60.
Both these heavyweight companies have in the past also competed with each other for the most valued company status.
The top five most valued firms by m-cap chart was led by RIL followed by TCS, HDFC Bank (Rs 6,56,546.37 crore), Hindustan Unilever Ltd (Rs 4,26,467.98 crore) and HDFC (Rs 3,54,270.94 crore).
The market capitalisation (m-cap) of companies changes daily with stock price movement.
ALSO READ: Reliance Jio to be among top 100 brands in 3 years: Report
ALSO READ: RInfra pledges 1.5 cr more shares in Reliance Power
