TCS pips RIL again to emerge India's most valued company
02 November 2012
Information technology major Tata Consultancy Services (TCS) has emerged the most valued company in India in terms of market capitalisation, surpassing Reliance Industries with a current market capitalisation of over Rs2,61,000 crore.
TCS market cap shot up to Rs2,61,357 crore, the highest for any listed company in the country, during afternoon trade. Against this, RIL's market value stood at Rs2,60,524 crore - Rs833 crore short of TCS's market value.
TCS shares gained nearly 2 per cent at Rs1,335, which pushed the company to the top slot. RIL's shares, on the other hand, were trading 0.12 per cent lower at Rs804 on the BSE.
State-run explorer ONGC, with a market capitaliasation of Rs2,27,533 crore was at the third position, followed by ITC (Rs2,23,982 crore) and Coal India Ltd (Rs2,21,988 crore).
Market capitalisation is the cumulative value of a listed company in terms of the market price of all its shares.