Reliance pips TCS to become most-valued firm

New Delhi: Shares of Reliance Industries (RIL) Friday rose over 2% helping the oil-to-telecom major pip Tata Consultancy Services (TCS) to become the most-valued company in terms of market capitalisation.Shares of RIL opened at Rs 1,096.10, then gained further ground and touched an intra-day high of Rs 1,128.50, up 2.88% over its previous closing price. The stock is currently trading 2.56% higher at Rs 1,125.

The stock of TCS opened at 1,889.90 and touched an intra-day high and low of Rs 1,898.55 and 1,868, respectively, in trade so far. At 1330 hours, the scrip is trading at Rs 1,876.75, up 0.6% from the previous close.

On August 31, this year, TCS had regained its status as the country’s most valued firm by market valuation surpassing RIL.

Reliance Industries Limited (RIL)