RIL briefly overtakes TCS as most-valued firm

RIL's market capitalisation stood at Rs 4.58 lakh cr, while that of TCS dropped to Rs 4.54 lakh cr

Mukesh Ambani-led Reliance Industries (RIL) on Tuesday briefly surpassed Tata Consultancy Services (TCS) as India’s most-valued company. RIL’s market capitalisation (m-cap), when the stock touched an intra-day high of Rs 1,410, stood at Rs 4.58 lakh crore, while that of TCS dropped to Rs 4.54 lakh crore when its stock touched an intra-day low of Rs 2,303. In a volatile day of trade, shares of RIL ended 1.5 per cent lower at Rs 1,370.45. Meanwhile, shares of TCS ended 0.53 per cent lower at Rs 2,309 ahead of its fourth-quarter result announcement. The Tata group flagship company toppled RIL as the country’s most valuable firm in February 2013. TCS’ m-cap was Rs 9,324 crore (or two per cent) higher than RIL’s at Tuesday’s closing prices.