Business Standard

TCS beats RIL to be most valued firm on Indian bourses

Related News

Tata Group software services company on Wednesday became the country's most-valued firm with a market capitalisation (m-cap) of Rs 2,60,075 crore, surpassing energy major RIL's market value of Rs 2,58,988 crore.

At the end of on Wednesday's trade, Tata Consultancy Services (TCS) commanded a market value of Rs 2,60,075 crore — the highest for any listed company in India. This is Rs 1,087 crore more than Ltd's (RIL) market value.

A gain of 0.6 per cent in TCS' share prices on Wednesday pushed the company to the top position in the domestic market valuation chart. In comparison, RIL shares ended the day 0.6 per cent lower on the BSE.

Last week on Friday, TCS m-cap had surpassed the market value of RIL but the IT giant's stint at the top position proved short-lived, with RIL reclaiming the position by the end of trade that day.

Market capitalisation or market value of a listed company is arrived at by multiplying the total number of its shares with its stock price on a particular day or time. This figure changes with the change in stock price.

with a market cap of Rs 2,28,089 crore was at third place, followed by ITC (Rs 2,27,675 crore) and Coal India (Rs 2,19,904 crore), data showed.

Read more on:   
|
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Quick Links

 

Market News

Mutual fund sector sees four CEO exits in short span

At a time when investor inflow seems picking up; observers say going will remain tough for smaller entities

Govt notifies Act to entrust Sebi with extra powers

Sebi would have powers to seek call data records and other information from any person, company, bank, authority or organisation during its ...

Record Sensex gets cheaper as profit upgrades outpace stocks

The Sensex has gained 26% this year, the most among the world's 10 biggest markets, as global money managers bought a net $12.9 billion of ...

High rollovers signal market momentum will continue

Traders carried forward bullish bets on the Nifty index to next month amid a sharp decline in the volatility index.The F&O expiry on ...

Sensex hits record high on FII buying

The BSE Sensex rose to a record high on Thursday, as continued buying from foreign investors lifted blue-chips such as Oil and Natural Gas Corp, ...

Back to Top