RIL pips TCS yet again to be most-valued company

Reliance Industries Limited (RIL) on Monday pipped Tata Consultancy Services to become India’s most valued company in terms of market capitalisation.

At the end of trade on BSE on Monday, RIL commanded a market capitalisation of ~7,82,6.36 billion, while India's largest IT firm by revenue TCS slipped to the second spot with a market capitalisation of ~7,69,6.96 billion.

Shares of RIL on Monday opened at ~1,206.50, then gained further ground and touched its 52-week high level of ~1,238.05 - up 2.87 per cent over its previous closing price.

At the end of Monday's trade, the shares of the company were trading at ~1,234.90, up 2.61 per cent.

Over the last few days RIL and TCS are competing with each other to claim the number one position in terms of market capitalisation.

TCS on August 16 had pipped RIL to become the country's most-valued firm by market valuation, while on August 14 RIL had dethroned TCS. Before that, on August 8, RIL had surpassed the IT major, while on August 1 TCS was the most valued firm.

In April this year, IT bellwether TCS had made history by becoming the first $100 billion IT company.

RIL was the first to reach the $100 billion market cap way back in 2007.

On July 20, RIL's market value surged past ~7 trillion, making it the second company after TCS to achieve the milestone.

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