M-cap of Tata Consultancy Providers goes previous Rs 14 trillion mark

Tejas Networks bags multi-year contract from Asia Consultancy Group

Tata Consultancy Services’ market valuation has broken the Rs 14 lakh crore mark, making it the second company to reach this milestone after Reliance Industries Limited.

Tata Consultancy Services (TCS) shares rose 2.30 percent and closed Tuesday on BSE at Rs 3,786.55.

Over the course of the day, it climbed 2.74 percent to its 52-week high of Rs 3,802.95.

As the share price rose, the market capitalization (m-cap) of Tata Consultancy Services, the second most valuable company after Reliance Industries Limited, rose to Rs 14.0664.30 billion at the close of trading.

Tata Consultancy Services’ market valuation had exceeded Rs 13 lakh crore on August 17th.

The IT major broke the market valuation mark of Rs 12 lakh crore in January of this year.

Reliance Industries Limited is the most valuable company in the country with a market valuation of Rs billion.

So far this year, Tata Consultancy Services is up nearly 32 percent.

(Only the headline and image of this report may have been revised by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

Dear Reader,

Business Standard has always endeavored to provide updated information and commentary on developments that are of interest to you and that have far-reaching political and economic implications for the country and the world. Your encouragement and constant feedback to improve our offering has only strengthened our determination and commitment to these ideals. Even in these troubled times resulting from Covid-19, we continue to strive to keep you updated with credible news, authoritative views, and concise comments on current affairs.
However, we have a request.

In the fight against the economic effects of the pandemic, we need your support even more so that we can continue to offer you high-quality content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscriptions to our online content can only help us achieve our goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are dedicated.

Support quality journalism and Subscribe to Business Standard.

Digital editor