RIL reclaims top slot by market value after 4 years, replaces TCS - Hindustan Times
close_game
close_game

RIL reclaims top slot by market value after 4 years, replaces TCS

New Delhi | ByPress Trust of India
Apr 24, 2017 05:53 PM IST

Reliance Industries Ltd today reclaimed its status as the country’s most valued firm by market capitalisation (m-cap) after a gap of four years, replacing IT major TCS from the top position.

Reliance Industries Ltd today reclaimed its status as the country’s most valued firm by market capitalisation (m-cap) after a gap of four years, replacing IT major TCS from the top position.

Mukesh Ambani’s RIL today became the most value company by market capitalisation replacing TCS.(PTI)
Mukesh Ambani’s RIL today became the most value company by market capitalisation replacing TCS.(PTI)

At the end of trade today, RIL commanded a market valuation of Rs 4,60,518.80 crore. This was Rs 1,586.43 crore more than TCS’ Rs 4,58,932.37 crore m-cap.

Hindustan Times - your fastest source for breaking news! Read now.

Shares of both the companies ended on a positive note but gains were sharper in case of RIL.

The RIL scrip ended the day with a gain of 1.19 per cent at Rs 1,416.40 on BSE. TCS also rose by 0.77% to close at Rs 2,329.10.

TCS had replaced RIL as the most valued firm more than four years ago but a sharp rally in the shares of the Mukesh Ambani-led firm in recent past has helped the company close the gap.

Temporary ups and downs in the valuation chart of the two firms were seen last week as well. RIL had briefly surged past TCS twice to become the most valued company. However, at close of the session on Tuesday and Friday the IT major had reclaimed the top position.

The RIL stock has surged over 31% so far this year, while that of TCS had slipped more than 1%.

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

Unlock a world of Benefits with HT! From insightful newsletters to real-time news alerts and a personalized news feed – it's all here, just a click away!- Login Now!
Stay informed on Business News along with Gold Rates Today, India News and other related updates on Hindustan Times Website and APPs
SHARE THIS ARTICLE ON
Share this article
SHARE
Story Saved
Live Score
OPEN APP
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Tuesday, March 19, 2024
Start 14 Days Free Trial Subscribe Now
Follow Us On