M-cap of Tata Consultancy Providers goes previous Rs 14 trillion mark
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 14.32.270.38 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.)
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