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Reliance Industries briefly topples TCS as India's most valued firm

Shares of RIL rose by over 1 per cent to a multi-year high of Rs 1,410 on BSE

Press Trust of India  |  Mumbai 

Reliance Industries on Tuesday briefly toppled TCS as the country's most valued firm — a position the Mukesh Ambani-led firm had held for many years before ceding it to Tatas' crown jewel more than four years ago. RIL saw its market capitalisation (m-cap) soaring to a record high of about Rs 4.58 lakh crore in morning trade at around 1015 hours, exceeding TCS's Rs 4.56 lakh crore valuation at that time. Shares of RIL rose by over 1 per cent to a multi-year high of Rs 1,410 on BSE. The scrip of TCS gained 0.77 per cent to Rs 2,338.95. However, RIL's valuation ...

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First Published: Tue, April 18 2017. 14:59 IST
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