TCS becomes most valued firm in India

TCS becomes most valued firm in IndiaTata group's Tata Consultancy Services (TCS), which has been holding the tag of being the largest IT services company in India, has now become the most valued firm of India by market capitalization.

The company surpassed Reliance Industries Ltd (RIL) to claim the leading spot in the country. The shares of TCS fell on Friday by 0.35 per cent to Rs. 1,161.25 while RIL stock fell 2.81 per cent at Rs. 692.90. TCS had a market capitalisation of Rs. 227,282 crore compared to RIL's Rs. 226,883 crore on Friday.

Many see this as a result of the leadership from Ratan Tata. The company first took the leading position from Infosys in the IT industry and eventually emerged as the largest company of the country.

The shares of Reliance Industries faced troubled in gas production and falling refining margins and brought down shares to a low of 33-month low. This is first time that Reliance shares are trading below Rs. 700 since March 20, 2009.

RIL had emerged as most valued company in Indian after surpassing Tata Group company after overtaking the group's entire market cap in April 2000.