TCS M-CAP Crosses $170 Bn, Briefly Overtakes Accenture to Become World’s Largest IT Co
New Delhi: Indian software services major Tata Consultancy Services (TCS) on Monday surpassed American-Irish multinational Accenture and became the most valued company in its sector globally. No
New Delhi: Indian software services major Tata Consultancy Services (TCS) on Monday surpassed American-Irish multinational Accenture and became the most valued company in its sector globally. Notably, the company’s market valuation on BSE crossed $170 billion.
Moreover, the software company surpassed Reliance Industries Ltd to become the country’s most valued firm by market capitalization.
During the afternoon trade, the market valuation of Tata Consultancy Services (TCS) was at Rs 12,45,341.44 crore while that of Reliance Industries Ltd (RIL) was at Rs 12,42,593.78 crore on the BSE.
Shares of RIL declined 4.84 per cent to Rs 1,950.30 on the BSE after its earnings failed to cheer investors. In contrast, TCS gained 1.26 per cent to touch its one-year high of Rs 3,345.25.
Tata Consultancy Services had in March last year also reclaimed the status of the country’s most valued firm by market valuation. Market capitalisation of companies changes daily with movement in their stock prices.
(With PTI Inputs)
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