New Delhi: Reliance Industries Limited (RIL) has reclaimed its position as the country's most valued firm in terms of market capitalisation. The firm has replaced the former market leader, Tata Consultancy Services (TCS), after a span of four years. The company's market capitalisation (m-cap) rose to Rs 4,60,519 crore (US$ 71.2 billion) , which was Rs 1,586.43 crore (US$ 245.62 million) higher than TCS’ m-cap of Rs 4,58,932 crore (US$ 71.08 billion). A sharp rally in the shares of Reliance has helped the company in closing the gap between TCS and itself. RIL stock has surged over 31 per cent in 2017, while that of TCS had slipped more than 1 per cent.
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