IT company, TCS(Tata Service Consultancy Limited) has become India’s most valued firm by market capitalization (market value of a publicly traded company), leaving behind Reliance Industries(RIL). After Reliance Industries shares fell four days in a row, dropping by over 10%, TCS overtook RIL by over ₹18000 crores. However, Reliance had overtaken the Tata Group’s crown jewel on Tuesday, only to find itself slipping in the ranks by Wednesday. In the past also, RlL and TCS have competed for the number one position by market cap. TCS is India’s most valued firm followed by RIL, HDFC bank, Hindustan Unilever and ITC Ltd.
Do you think Reliance can once again claim the top position, what with its recent acquirement of Hamleys, or will Tata Group be ever dominant? Leave your comments below.