TCS becomes India's most valued firm again; surpasses RIL in market-cap

Analysts at Morgan Stanley have downgraded the stock to 'equal-weight' with a price target of Rs 1,349. They expect RIL's two-year earnings upswing to reverse

Tata Consultancy Services (TCS) regained the status of the country's most valued firm in terms of market capitalisation (market-cap) on Thursday, surging past Mukesh Ambani-controlled Reliance Industries Limited (RIL), which slipped to the number two position. 

TCS market-cap stood at Rs 8.13 trillion, more than RIL' of Rs 7.95-trillion valuation today,  as per BSE data. Over the past four days, RIL has lost 11 per cent at the bourses.

On Thursday, RIL ended lower for the fourth consecutive session, down 3.4 per cent at Rs 1,255, after foreign brokerages downgraded the stock. The company has seen a market-cap erosion