Reuters logo
BUZZ-Reliance Industries briefly replaces TCS as India's most valued company
April 18, 2017 / 5:23 AM / 5 months ago

BUZZ-Reliance Industries briefly replaces TCS as India's most valued company

** Reliance Industries Ltd rises as much as 1.30 pct to 1,410 rupees, surpassing Tata Consultancy Services’ market capitalisation to become India’s most valued company

** Reliance was briefly valued at 4.58 trln rupees ($70.95 bln) in early trade, inching past TCS’ 4.57 trln rupees market cap at the time, according to Thomson Reuters data

** Reliance’s market cap was ahead of TCS for the first time since Feb 13, 2013

** As of April 5, Reliance had 3.25 bln shares outstanding, while TCS had 1.97 bln shares outstanding as of Dec. 31, 2016 - Thomson Reuters data

** As of Monday’s close, Reliance gained 28.6 pct so far this year, while TCS lost 2.14 pct ($1 = 64.5500 Indian rupees)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below