Thursday, August 23, 2012

Tata Consultancy Services (TCS) overtakes Reliance Industries Ltd (RIL) as country's most valued company


Tata Consultancy Services (TCS) overtakes Reliance Industries Ltd (RIL)  as country's most valued company


Reliance Industries today lost its position of the country's most valued company to TCS , with the share price of the IT giant rising by 2.5%.

As the share price of Reliance Industries Ltd (RIL) fell by 1.68% to Rs 794.45, the company's market value also slipped to Rs 2,57,111 crore -- below Tata Consultancy Services' Rs 2,58,578 crore.

Consequently, RIL lost its about position of the country's largest company in terms of market valuation, which it had held for nearly a month.

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