Coal India - the most valuable firm ?

Reliance Industries Ltd (RIL) may lose its tag as India’s most valued company to state-owned Coal India Ltd (CIL) for the first time in nearly a decade, due to a sharp fall in its share price in recent months.

At the end of on Friday’s trading on the Bombay Stock Exchange (BSE), heavyweight RIL’s shares closed at Rs 760.8, down 1.6 per cent, with a market cap of Rs 2.49 lakh crore. CIL’s shares closed almost flat at Rs 385.3, for a market valuation of Rs 2.43 lakh crore.

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