Comments
Tata Consultancy Services’ market valuation surged past the Rs 7 lakh crore mark today, making it the first company to achieve this milestone.
Buoyed by a rally in its share price, the market valuation of TCS jumped to Rs 7,03,309 crore in intraday session on the BSE. The m-cap has been calculated from its 52-week high price of Rs 3,674 hit today on the exchange.
TCS shares rose 1.91 per cent to Rs 3,674 today. The company shares have gained nearly 35 per cent so far this year.
Tata Consultancy Services’ market valuation had earlier this year surged past the Rs 6 lakh crore mark, making it the second company to achieve the milestone after Reliance Industries.
IT bellwether TCS had last month became the first Indian company to close the trading session with over $100-billion market valuation.
TCS is the country’s most valued firm, followed by Reliance Industries with a market capitalisation (m-cap) of Rs 5,83,908.87 crore, HDFC Bank (Rs 5,19,654.83 crore), HUL (Rs 3,42,244.47 crore) and ITC (Rs 3,30,919.46 crore) in the top five list.
The nation’s largest software exporter TCS had on April 19 reported a 4.4 per cent rise in March quarter net profit at Rs 6,904 crore.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.