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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 briefly topples TCS as India's most valued firm

Industries on Tuesday briefly toppled as the country's most valued firm — a position the Ambani-led firm had held for many years before ceding it to Tatas' crown jewel more than four years ago.

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.



of rose by over 1 per cent to a multi-year high of Rs 1,410 on The scrip of gained 0.77 per cent to Rs 2,338.95.

However, RIL's valuation later came down to Rs 4.52 lakh crore, which was Rs 4,508.4 crore less than that of Rs 4.57 lakh crore m-cap at 1330 hrs.

With this, reclaimed the status of the country's most valued firm followed by RIL, Bank, and in the top-five bunch.

of have surged nearly 29 per cent so far this year, while has lost nearly 2 per cent during the same period.

will announce its quarterly earnings today and on Monday.

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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

Shares of RIL rose by over 1 per cent to a multi-year high of Rs 1,410 on BSE Industries on Tuesday briefly toppled as the country's most valued firm — a position the Ambani-led firm had held for many years before ceding it to Tatas' crown jewel more than four years ago.

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.

of rose by over 1 per cent to a multi-year high of Rs 1,410 on The scrip of gained 0.77 per cent to Rs 2,338.95.

However, RIL's valuation later came down to Rs 4.52 lakh crore, which was Rs 4,508.4 crore less than that of Rs 4.57 lakh crore m-cap at 1330 hrs.

With this, reclaimed the status of the country's most valued firm followed by RIL, Bank, and in the top-five bunch.

of have surged nearly 29 per cent so far this year, while has lost nearly 2 per cent during the same period.

will announce its quarterly earnings today and on Monday.
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Business Standard
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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

Industries on Tuesday briefly toppled as the country's most valued firm — a position the Ambani-led firm had held for many years before ceding it to Tatas' crown jewel more than four years ago.

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.

of rose by over 1 per cent to a multi-year high of Rs 1,410 on The scrip of gained 0.77 per cent to Rs 2,338.95.

However, RIL's valuation later came down to Rs 4.52 lakh crore, which was Rs 4,508.4 crore less than that of Rs 4.57 lakh crore m-cap at 1330 hrs.

With this, reclaimed the status of the country's most valued firm followed by RIL, Bank, and in the top-five bunch.

of have surged nearly 29 per cent so far this year, while has lost nearly 2 per cent during the same period.

will announce its quarterly earnings today and on Monday.

image
Business Standard
177 22