New Delhi, Aug 10: Tata Consultancy Servicestoday surged past RILto emerge as the country’s most valued firm by market valuation. At close of trade on BSE today, TCS’ market capitalisation (m-cap) stood at Rs 7,63,360.46 crore, which is Rs 307.42 crore more than that of Reliance Industries’ Rs 7,63,053.04 crore valuation.
Shares of TCS ended 0.98 per cent higher at Rs 1,993.85 on BSE, while those of RIL slipped 1.15 per cent to close at Rs 1,204.
Reliance Industries had on August 8 surpassed IT major TCS to clinch the status of the most valued company by m-cap.
However, its reign at the top spot was short-lived as it slipped to the second spot in overall m-cap ranking today.
Over past few days, TCS and RIL have been vigorously competing for the title of the most-valued firm.
On July 31, Reliance Industries had regained its status as the country’s most valued firm by m-cap, replacing Tata Group’s crown jewel TCS from the top slot.