Business News
TCS market valuation surge past ₹6 lakh crore mcap mark
The company also surpassed RIL to become the country’s most valued firm in terms of market valuation.
Tata Consultancy Services’ market valuation surged past ₹ 6 lakh crore mark on Wednesday, becoming the second company to achieve the milestone after Reliance Industries Ltd.
During the late morning trade, the market capitalisation (m-cap) of TCS stood at ₹ 6,12,696.46 crore.
The company also surpassed RIL to become the country’s most valued firm in terms of market valuation.
Shares of the IT major rose by 4.88 % to ₹3,254.80 — its 52-week high — on BSE.
Shares of RIL however, fell by 1.89 % to ₹ 963.10. RIL’s m-cap stood at ₹6,11,096.56 crore during the late morning trade.
In the ranking of top-five firms, TCS stood at number one position followed by RIL, HDFC Bank (₹ 5,08,576.16 crore), ITC (₹ 3,41,332.79 crore) and HDFC (₹ 3,03,382.63 crore).