Most Valuable Indian Company? It's TCS With Rs 8 Lakh Crore Market Cap, Ahead Of RIL
India¡¯s largest companies are battling it out on the market, with two of the largest tech firms going head to head; Tata Consultancy Services and Reliances Industries Limited. Now, it looks like the former has overtaken the latter in valuation again.
If you always wondered about which company's the largest in India, then we have a short answer for you: Tata Consultancy Services -- at least right now.
Going ahead of Reliances Industries Limited, the information technology services giant TCS is now the most valuable company in India -- a tech company at that.
Images courtesy: Reuters
TCS has just surpassed RIL in market valuation to become India's most valuable firm. TCS yesterday hit a massive Rs 8,37,194.55 crore, a scant Rs 1,170.47 crore more than RIL's valuation on the BSE yesterday as of close of trade. HDFC Bank, HUL, and HDFC round out the remaining most-valued positions in the top five list.
RIL had just last month reclaimed its title as most-valued firm from the IT company, but it looks like they're going to have to work for it once more. TCS shares rose by 2.39 percent to close at Rs 2,231.10 yesterday, while those of RIL closed at Rs 1,318.85, up 0.27 percent.
Where does TCS rank globally?
Of course, as impressive as a Rs 8 lakh crore market cap is, these Indian companies are still small fish in comparison with the market cap of global corporations. The highest market cap in the world for instance belongs to Microsoft, with a market cap of Rs 68,52,446.25.
So the highest market cap in the world, and obviously also the highest in the US, is about 8.18 times that of the most valuable Indian company.
TCS beat RIL
In second globally is Apple at 8.08 times TCS' market cap. Third and fourth come Google's parent company Alphabet and Amazon, with market caps 6.8 times and 6.5 times that of TCS respectively. Looks like we've got some catching up to do.
