TCS overtakes RIL as country's most valued co

Vikas Mishra
Jan 04 2012
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Billionaire Mukesh Ambani-led Reliance Industries lost its position of the country's most valued company to the IT giantTCS, part of the salt-to-software conglomerate Tata group. As the share price of Reliance Industries Ltd(RIL)fell by 2.81 per cent to a multi-year low of Rs 692.90 today, the company's market valuation slipped to Rs 2,26,886 crore -- a shade belowTata Consultancy Services' Rs 2,27,282 crore.Consequently, RIL lostits long-held position (except for a brief period in August this year) of the country's largest company in terms of market valuation.In comparison to RIL's performance, TCSsharesended with a modest loss of 0.35 per cent at Rs 1161.25 and were earlier seen trading with a modest gain for most part of the trading session -- incidentally the last for 2011. For more click below