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

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 of Rs 96,288 crore during this period. RIL’s market-cap stood at Rs 8.91 trillion on May 3, 2019. Earlier on January 10, 2019, TCS had m-cap of Rs 7.08 trillion and RIL of Rs 7 trillion on closing basis.