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

BSE brokers forum to make additional investment of Rs 80 crore in GIFT City

It has also been allocated additional 1.5 lakh sq ft of BuA

Metals fall on Opec's no-cut decision

Copper hits 8-month low on LME, bullion sheds 1%

Sebi in favor of companies formulating policy on dividends distribution

Cash-rich companies may soon have to give a justification for sitting on their cash pile

Markets end at record closing highs on rate cut hopes

The total investor wealth in Indian stock market today hit a record high of Rs 100 trillion

Sensex, Nifty end 1% higher led by rate sensitive shares

The Sensex provisionally ended up 221 points at 28,660 and the Nifty ended up 85 points at 8,579

Back to Top