On March 18 Tata Consultancy service (TCS) did overtake Reliance Industries and became the most valued Indian firm by market capitilisation. The closing of trade on the (Bombay Stock Exchange BSE of TCS was Rs 619499.95 crore which is more than that of Rs. 614179.93 crore of Reliance Industries (RILs). The shares of Reliance Industries fallen down to 3.97 percent at the time of closing. The amount was Rs 968.85. At the time of day it falls down to 4.72 percent to Rs. 961.20.
The shares of TCS was 0.44 percent to Rs 1650.95 at the time of closing. On March 9 TCS did competition with Reliance Industries and became most valued domestic firm by market valuation. The shares of Reliance Industry has fallen 12.47 percent and wiping out Rs 87506.07 crore from its market valuation in three days. Last week the share of reliance Industry was also fallen down in oil prices.
In four months the market industry of Reliance Industries has fallen down from the highs of Rs. 10 lakh crore. It was hit in November last year. In the past both TCS and RIL have also competed with each other for the first position. On Wednesday at the close of trade TCS was in top followed by by RIL, HDFC Bank, HUL and HDFC. Market Capitilization of companies are dependent upon the changes daily with the movement in their stock prices.