TCS overtakes RIL to become India's most valued company
MUMBAI:
TCS today surpassed Reliance Industries
to become the country's most valued company as the IT major's market
capitalisation soared to over Rs 2.83 lakh crore on the back of a spurt
in its share price.
At the end of trade, TCS commanded a market value of Rs 2,83,209 crore, the highest for any listed company in the country. This is about Rs 6,523 crore more than RIL's market value of Rs 2,76,686 crore.
A gain of 1.15 per cent at Rs 1,447 in TCS's share price pushed the company to the top slot. In comparison, RIL shares fell by 2.63 per cent to Rs 855.15 on the BSE.
At the end of trade, TCS commanded a market value of Rs 2,83,209 crore, the highest for any listed company in the country. This is about Rs 6,523 crore more than RIL's market value of Rs 2,76,686 crore.
A gain of 1.15 per cent at Rs 1,447 in TCS's share price pushed the company to the top slot. In comparison, RIL shares fell by 2.63 per cent to Rs 855.15 on the BSE.
Avinash kumar
PGDM 2 nd sem.
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