RIL regains top spot from TCS after 4 years

RIL is now valued at Rs 4.60 lakh cr, only slightly ahead of TCS' market cap of Rs 4.59 lakh cr

The Mukesh Ambani-led Reliance Industries (RIL) on Monday reclaimed the tag of the higher-valued Indian company from Tata Consultancy Services (TCS) after four years. The oil-to-telecom conglomerate is now valued at Rs 4.60 lakh crore, only slightly ahead of the Tata Group flagship which ended with a market capitalisation of Rs 4.59 lakh crore. Shares of RIL ended 1.2 per cent higher to Rs 1,416.4, ahead of its March quarter announcements. Meanwhile, TCS added 0.8 per cent to close at Rs 2,329.1. Shares of RIL are expected to rise further, as the company posted better than expected fourth-quarter net profit