Reliance Industries Ltd. (RIL) on Tuesday regained its status as the country’s most valued firm by market capitalisation (m-cap), replacing Tata Group’s Tata Consultancy Services (TCS) from the top slot.
During afternoon trade on BSE, the market valuation of RIL stood at ₹7,47,676.35 crore, which is ₹8,378.48 crore more than that of TCS’ ₹7,39,297.87 crore m-cap.
Shares of RIL surged 2.75% to ₹1,181.35 — its lifetime high on BSE on July 31.
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On the other hand, shares of TCS fell by 0.79% to ₹1,929.55.
TCS had first replaced RIL as the most valued firm more than five years ago.
So far this year, RIL shares have surged over 28%, while those of TCS slumped 28.5%.
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Reliance Industries had earlier this month crossed the $100-billion market capitalisation mark.
The m-cap figure of companies changes daily with stock price movement.