Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusiness

RIL replaces TCS as top firm in m-cap valuation

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.

September 20, 2019 / 07:19 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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.

Disclaimer: “Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.”

PTI
first published: Sep 20, 2019 07:10 pm

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347