TCS again becomes most valued Indian firm by market cap

Team Udayavani, Mar 27, 2020, 7:40 PM IST

New Delhi: Tata Consultancy Services (TCS) on Friday reclaimed its status as the country’s most valued firm by market valuation.

At the close of trade on Friday, the market capitalisation of TCS was at Rs 6,82,408.68 crore, which was about Rs 6,959.73 crore more than that of RIL’s Rs 6,75,448.95 crore valuation on the BSE.

TCS shares rose 0.66 per cent on Friday to close at Rs 1,818.60 on the BSE, while Reliance Industries Limited (RIL) fell 0.86 per cent to Rs 1,065.50.

Shares of RIL had on Wednesday zoomed nearly 15 per cent, reclaiming the tag of the most valued domestic firm by market valuation, surpassing TCS.

Earlier, TCS on March 18 went past RIL to become the most valued Indian firm by market valuation.

Both TCS and RIL have in the past also competed with each other for the rank of number one company by market capitalisation (m-cap).

The BSE benchmark index closed the day 131.18 points lower at 29,815.59.

The m-cap figure of companies changes daily with the movement in their stock prices