Tata to TCS: RIL becomes most valued Indian firm
Reliance Industries Ltd had managed to close the trading session as the most valued firm on April 24.
After a gap of 2-months, Reliance Industries Ltd (RIL) regained the status of the country's most valued firm on Friday, overtaking Tata Group's TCS in terms of market valuation.
At close of trade, RIL commanded a market capitalisation (m-cap) of Rs 4,66,599.69 crore, which was Rs 1,450.62 crore more than TCS' Rs 4,65,149.07 crore valuation.
Shares of RIL ended flat at Rs 1,435, up 0.13%, while Tata Consultancy Services fell by 1.47% to close at Rs 2,360.65 on BSE. So far this year, shares of RIL have gained nearly 33%, while TCS is trading flat, down 0.05%. Temporary ups and down in the valuation chart of the two firms were seen in April as well.
On April 24, RIL had managed to close the trading session as the most valued firm. 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 the recent past has helped the company close the gap.
The m-cap figure changes daily with the stock price movement.