Reliance Industries topples TCS with highest market capitalisation
Mumbai, July 31 : Reliance Industries Ltd (RIL) on Tuesday surpassed Tata Consultancy Services (TCS) in market capitalisation (market-cap) in India.
At 1.08 p.m., the market-cap of Reliance Industries on the BSE stood at around Rs 7.47 lakh crore, against the Rs 7.39 lakh crore worth of market-cap of Tata Consultancy Services.
The rise in market-cap of the RIL came on the back of healthy results for the June-ended quarter, analysts said.
The company on Friday reported a 4.47 per cent rise in net profit at Rs 9,459 crore for the first quarter of 2018-19 on the back of robust growth in its petrochemical business backed by higher realisation in refining.
The share price of RIL on BSE stood at Rs 1,176.35, higher by 26.65 points 2.32 per cent from its previous close.
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Stoinis hundred trumps Gaikwad's ton, helps LSG beat hand CSK by six wickets
Chennai, Apr 23: Marcus Stoinis smashed an outstanding century to trump Ruturaj Gaikwad's effort as Lucknow Super Giants beat Chennai Super Kings by six wickets in an IPL match on Tuesday.
Stoinis remained unbeaten 124 off 63 balls with 13 fours and six sixes as LSG completed a record run chase at the Chepauk in 19.3 overs. This was also highest individual score in IPL in a run-chase.
Earlier, skipper Gaikwad led from the front with a superb 60-ball unbeaten 108 as Chennai Super Kings posted a challenging 210 for 4 . Gaikwad's knock, his second IPL hundred, was studded with 12 fours and three sixes. Shivam Dube muscled his way to a 27-ball-66, hitting seven sixes. For LSG, Matt Henry took for 1 for 28.
Brief Scores:
CSK 210 for 4 in 20 overs (Ruturaj Gaikwad 108 not out, Shivam Dube 66, Matt Henry 1/28)
LSG 213/4 (Marcus Stoinis 124 not out).
