New Delhi: Mukesh Ambani’s Reliance Industries stock rose nearly 15 percent on Wednesday. Subsequently, Reliance Industries overtook TCS to regain the title of the Indian company with the highest market capitalization.
The Reliance Industries stock closed at Rs 1,081.25, up 14.65 percent on the BSE. At one time during the business it had climbed 22.25 percent to Rs 1,152. On the NSE too, its stock closed up 13.84 per cent at Rs 1,074.
The market capitalization of Reliance Industries increased by Rs 87,576.98 crore to Rs 6,85,433.30 crore. TCS had a market capitalization of Rs 6,57,492.85 crore at the close of business. TCS beat Reliance on March 18 by market capitalization. Reliance Industries was the leading gainer in both the major indices. Meanwhile, there are reports that Facebook may buy a 10 percent stake in Reliance Jio.
