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Reliance Industries pips TCS on market cap, takes Rs 1,450 cr lead

TCS had replaced RIL as the most valued firm more than four years ago

Press Trust of India  |  New Delhi 

Mukesh Ambani
Mukesh Ambani

After a gap of 2-months, Industries Ltd (RIL) on Friday regained the status of the country's most valued firm, overtaking Tata Group's in terms of market valuation. At close of trade, commanded a market capitalisation (m-cap) of Rs 4,66,599.69 crore, which was Rs 1,450.62 crore more than TCS's Rs 4,65,149.07 crore valuation. of ended flat at Rs 1,435, up 0.13 per cent, while fell by 1.47 per cent to close at Rs 2,360.65 on So far this year, of have gained nearly 33 per cent, while is trading flat, down 0.05 per cent. Temporary ups and down in the valuation chart of the two firms were seen in April as well. On April 24, had managed to close the trading session as the most valued firm. had replaced as the most valued firm more than four years ago but a sharp rally in the of the 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.

First Published: Fri, June 23 2017. 19:58 IST