RIL becomes India's most valued company; pips TCS in market cap

This is the first time since April 11 that RIL's market cap has been higher than TCS

Reliance Industries (RIL) on Tuesday dislodged Tata Consultancy Services (TCS) as the country’s most-valuable company, while D-Mart parent Avenue Supermarts’ market capitalisation rose to Rs 1.03 trillion, making it the 29th biggest company in the country in terms of market value.

RIL’s market capitalisation rose to Rs 7.51 trillion following a 3 per cent rally in its shares. The market value of the Tata group flagship stood at Rs 7.43 trillion after its shares ended 0.2 per cent lower. Shares of Avenue Supermarts, on the other hand, climbed 3.8 per cent to an all-time high of Rs 1,653, after the company’s