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RIL nudges TCS to become most-valued firm by market valuation

RIL’s shares were at Rs 1,279.45 apiece, up 2.20 percent on the BSE, whereas TCS’ shares fell by 2.05 percent to close at Rs 2,131.45
New Delhi: Reliance Industries Ltd (RIL) is now the most-valued firm in terms of market valuation as its market capitalisation (m-cap) settled at Rs 8,11,048.27 crore at the close of trade on Tuesday. RIL’s m-cap is now Rs 11,246.23 crore more than that of Tata Consultancy Services (TCS), which is at Rs 7,99,802.04 crores valuation, on the BSE.

The share price

RIL’s shares were at Rs 1,279.45 apiece, up 2.20 percent on the BSE. Intra-day, its shares rose 2.55 percent to Rs 1,283.85. TCS’ shares, on the other hand, fell by 2.05 percent to close at Rs 2,131.45.

The backdrop

In the past, the two companies have competed against each other for the most-valued company status. The new list of top five most-valued firms in India now has RIL on top, followed by TCS, HDFC Bank (Rs 6,50,136.04 crore), HDFC (Rs 3,85,207.96 crore) and HUL (Rs 3,76,545.49 crore). The m-cap of companies changes daily with stock price movement.