TCS market valuation races past Rs 13 lakh crore mark
At the close of trade, the market capitalisation (mcap) of Tata Consultancy Services was Rs 13,14,051.01 crore on BSE
The market valuation of Tata Consultancy Services (TCS) on Tuesday raced past the Rs 13 lakh crore mark, becoming the second company after Reliance Industries Limited to achieve this feat.
At the close of trade, the market capitalisation (mcap) of Tata Consultancy Services was Rs 13,14,051.01 crore on BSE.
The company reached this milestone after shares of the company jumped 2.32% to close at Rs 3,552.40 on BSE. During the day, it gained 2.54% to its 52-week high of Rs 3,560.25.
The IT major had in January this year breached the Rs 12 lakh crore market valuation mark. Reliance Industries Limited is the country’s most valued firm, with a market valuation of Rs 13,71,823.79 crore.
So far this year, Tata Consultancy Services shares have gained 23.76%.