TCS surpasses RIL to reclaim most-valued firm status
Team Udayavani, Aug 20, 2019, 7:37 PM IST
New Delhi: Tata Consultancy Services on Tuesday reclaimed the status as the country’s most-valued company by market valuation replacing Reliance Industries Ltd.
Reliance Industries Ltd (RIL) had on Monday raced past TCS to become the country’s most-valued firm by market valuation.
At the end of trade on Tuesday, the market capitalisation (m-cap) 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.
Shares of TCS rose 1.09 per cent to close at Rs 2,187.15 apiece on the BSE, while those of RIL fell 1.25 per cent to Rs 1,276.
RIL and TCS have in the past also competed with each other for the number one position in terms of m-cap.
In the ranking of top domestic firms by m-cap, TCS was at number one position followed by RIL, HDFC Bank with a valuation of Rs 6,07,554.81 crore, HUL (Rs 3,98,550.69 crore) and HDFC (Rs 3,60,752.21 crore).
The m-cap figure of companies changes daily with stock price movement.
COVID-19: Record single-day spike of 9,971 cases in India; death toll 6,929
Protesters flood streets in huge peaceful push for change
Eastern Ladakh standoff Indian and Chinese armies hold Lt. General-level talks with ‘positive approach’
Related Articles More
Karnataka Bank reports Rs 285 cr fraud in four loan accounts
British pharma giant ‘AstraZeneca’ all set to roll out COVID-19 vaccine in September
Atlas Cycles shuts its last manufacturing unit due to lack of funds
India’s forex reserves surge to all-time high of USD 493.48 billion amid Covid-19 crisis
No new government schemes for a year, Centre cuts back amid COVID-19 crisis
FIR against unidentified persons for uploading ”sensitive posts” on social media
Quality, quantity and then intensity: Dinesh Karthik chalks out training schedule
Covid-19 in India will end in Mid-September: Health Ministry officials
Mangaluru: Kota Srinivas asks quick response on MESCOM bill issue
It will help India if Pandya is available for Tests against Australia: Chappell