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Reliance Industries Ltd today regained its status as the country’s most-valued firm by market capitalisation (m-cap), replacing Tata Group’s TCS from the top slot.
RIL’s market valuation stood at Rs 7,47,676.35 crore, which is Rs 8,378.48 crore more than that of Tata Consultancy Services’ Rs 7,39,297.87 crore.
RIL shares surged 2.75 per cent to Rs 1,181.35 -- its lifetime high on the BSE.
On the other hand, TCS shares fell 0.79 per cent 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 per cent, while those of TCS slumped 28.5 per cent.
TCS m-cap drops below $100-billion mark
Reliance Industries had earlier this month crossed the $100-billion market capitalisation mark.
The m-cap figure of companies changes daily with the stock price movement.
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