The gap between the two largest companies in the country is narrowing. In terms of market cap, the gap between the country’s largest company Reliance Industries Ltd and IT giant Tata Consultancy Services is very small.
The thing is, amid the Corona crisis, both companies were seeing steady growth. But over the past few months, Reliance stocks have been under pressure, leading to a sharp decline in market cap. So the market cap of TCS is constantly increasing.
Last week, Reliance Industries saw its biggest drop in market cap by Rs 34,296.37 crore, to Rs 12,25,445.59 crore.
So the market cap of TCS has increased tremendously in the last week. The market cap of TCS has increased by Rs 72,102.07 crore in BSE. As a result, the company’s market cap has risen to Rs 11,70,875.36 crore. The market cap of the company is very close to the market cap of RIL.