Tata Group software services company TCS 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 Reliance Industries 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.
ONGC 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.