/ RIL Just 15% Away From TCS In Terms Of M-Cap ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 7 March 2017

The stock touched its nine-year high of Rs 1326.75 per share up by 1.67% on an intraday basis in Monday’s session. The gap between the market capitalisation of IT giant, TCS and Reliance Industries Limited (RIL) is just 15%.

On Monday, the market capitalisation of TCS was Rs 486823 cr and market capitalisation of RIL was
Rs 423307 cr. RIL has given returns of nearly 21% and TCS could give returns of only about 5% on a YTD basis.

The stock has seen a strong upward movement after the announcement of Jio prime membership by Mukesh Ambani, which has a strong potential to bring in a positive cash flow for the business. Investors would be keen to watch if RIL takes on first position on Indian bourses in terms of market capitalisation.

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