Reliance Industries surpasses TCS to become most valuable company

Thus far in the calendar year 2017, RIL surged 31% against 1.4% decline in TCS.

Mukesh Ambani-led Reliance Industries (RIL) has surpassed Tata group’s Tata Consultancy Services (TCS) to become most valuable company in terms of market capitalisation (m-cap) after a gap of more than four years.

RIL, with the m-cap of Rs 460,519 crore, is now ahead of TCS, which have has a m-cap of Rs 458,932 crore at close of trade on Monday, the BSE data show. Earlier, TCS had surpassed RIL on February 13, 2013.

On Monday, RIL ended 1.2% higher at Rs 1,416 levels, while TCS was up 0.77% at Rs 2,329.

Thus far in the calendar year