Tata Consultancy Services Ltd. on Monday surpassed Reliance Industries Ltd. to become India's most valued firm by market capitalisation.
At close of trade on Monday, TCS' market cap was Rs 8.37 lakh crore, higher than that of RIL Rs 8.36 lakh crore on the Bombay Stock Exchange. TCS shares rose 2.39 percent during the day, while RIL closed 0.27 percent higher.
TCS and RIL are followed by HDFC Bank Ltd. at Rs 6.6 lakh crore, Hindustan Unilever Ltd. at Rs 4 lakh crore Housing Development and Finance Corp. Ltd. at Rs 3.7 lakh crore as the five most valued companies in India by market cap.
RIL had last month reclaimed its top spot, overtaking TCS. The two companies have in the past also competed with each other for the number one position.
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