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TCS reclaims most valued firm status from RIL

NEW DELHI: Software services and products primary Tata Consultancy Services on Thursday reclaimed the status of the country's most valued company via market valuation, surpassing Reliance Industries Ltd (RIL). RIL shares were on a downhill, falling for the fourth day in a row. In four days, the shares have plunged 10.79 per cent to Rs 1,255.15 at the BSE.

Following the plunge in its proportion price, RIL's market valuation dropped to Rs 7,95,628.55 crore at the BSE.

"Reliance Industries is leading the massive fall in Nifty. It fell down for the fourth consecutive day after touching lifetime highs of Rs 1,417," Samco Securities head of analysis Umesh Mehta mentioned.

At the close of industry, the market capitalisation (m-cap) of TCS stood at Rs 8,13,779.67 crore, which is Rs 18,151.12 crore greater than that of RIL's valuation.

The scrip of TCS closed at Rs 2,168.70, up zero.75 per cent at the BSE.

RIL and TCS have up to now also competed with each different for the #1 position in the case of market capitalisation.

TCS is the country's most valued company adopted via RIL, HDFC Bank (Rs 6,24,362.11 crore), Hindustan Unilever (Rs three,67,880.69 crore) and ITC (Rs three,67,513.78 crore).

The m-cap determine of businesses changes day-to-day with inventory price movement.

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