TCS overtakes RIL to become most valued company again

Software services major Tata Consultancy Services on Thursday reclaimed the status of the country’s most valued firm by market valuation, surpassing Reliance Industries Ltd (RIL).

RIL shares have been on a downhill, falling for the fourth day in a row on Thursday. In four days, the shares have plunged 10.79 per cent to ₹ 1,255.15 on the BSE.

Following the plunge in its share price, RIL’s market valuation dropped to ₹ 7,95,628.55 crore on the BSE.

“Reliance Industries is leading the massive fall in Nifty. It fell down for the fourth consecutive day after touching lifetime highs of ₹ 1,417,” said Umesh Mehta, Head of Research, Samco Securities.