New Delhi, May 25 (PTI) Tata Consultancy Services’ market valuation surged past the Rs 7 lakh crore mark today, making it the first company to achieve this milestone. Also Read - Stock Market News Today, 16 February 2021: Sensex Opens at New High, Nifty Tops 15,000; ONGC, Kotak Bank Among Big Gainers
Buoyed by a rally in its share price, the market valuation of TCS jumped to Rs 7,03,309 crore in intra-day 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. Also Read - Sensex Hits Lifetime High With Over 600 Pts in Early Trade, Nifty Rallies Above 15,100
TCS shares rose by 1.91 per cent to Rs 3,674 today. Also Read - TCS 3rd Most-Valued IT Services Brand Globally, Infosys & HCL Also Secure Spots in Top 10
Shares of the company 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 USD 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 on April 19 reported a 4.4 per cent rise in March quarter net profit at Rs 6,904 crore.
This is published unedited from the PTI feed.