RIL overtakes TCS; becomes most valued Indian firm

Indian conglomerate Reliance Industries Limited (RIL) recaptured the status of India's most valued company, after a period of two months, as the company outpaced Tata Group's Tata Consultancy Services on Friday, June 23, in terms of market valuation. 
  
As per the data available of the closing hour of the trade session, RIL posted a market capitalisation (m-cap) of Rs 4,66,599.69 crore, that was valued as Rs 1,450.62 crore more than the market capitalisation of TCS, which was valued at Rs 4,65,149.07 crore.

The shares of Reliance Industries Limited closed flat on June 23, 2017, at Rs 1,435, up by 0.13 percent. While, Tata Consultancy Services dropped by 1.47 per cent to end at Rs 2,360.65 on the BSE on the same day.

In the current fiscal year, the shares of RIL have gained around 33 per cent, where as TCS has been trading flat, down by 0.05 per cent. According to the evaluated valuation chart of the two companies for the month of April, the market saw m-cap pf the two companies fluctuating temporarily. In fact, on April 24, 2017, RIL had become the most valued company at the end of the trading session.

While, TCS had replaced RIL as the most valued company over four years ago. Of late, the sharp surge in the shares of the Mukesh Ambani-led RIL helped the company to close the gap, and emerge at the top all over again.