Moneycontrol PRO
HomeNewsBusinessRIL races past TCS to become most valued firm by m-cap

RIL races past TCS to become most valued firm by m-cap

The company told stock exchanges that its board of directors has received a letter from Gangwal.

July 09, 2019 / 19:29 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Reliance Industries Ltd (RIL) July 9 went past Tata Consultancy Services to become the most-valued firm in terms of market valuation.

    RIL's market capitalisation (m-cap) was at Rs 8,11,048.27 crore at the close of trade, which was Rs 11,246.23 crore more than that of Tata Consultancy Services' (TCS) Rs 7,99,802.04 crore valuation on the BSE.

    Shares of RIL settled at Rs 1,279.45, up 2.20 per cent on the BSE. Intra-day, it rose 2.55 per cent to Rs 1,283.85.

    The scrip of TCS, however, fell by 2.05 per cent to close at Rs 2,131.45.

    During the day, it declined 3.95 per cent to Rs 2,090. Both the companies have in the past also competed against each other for the most valued company status.

    In the list of top-five domestic firms, RIL was placed at the top of the pack followed by TCS, HDFC Bank (Rs 6,50,136.04 crore), HDFC (Rs 3,85,207.96 crore) and HUL (Rs 3,76,545.49 crore).

    The m-cap of companies changes daily with stock price movement.

    Disclaimer: “Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.”

    PTI
    first published: Jul 9, 2019 07:20 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347