TCS’ market valuation crosses Rs 12-lakh-crore mark

By: |
January 14, 2021 8:18 PM

TCS topped the gainers' chart on Sensex, rising 2.89 per cent to close at Rs 3,250.15 on the BSE. During the day, it jumped 3.42 per cent to a record high of Rs 3,267.

TCSTCS is the second domestic firm after Reliance Industries Limited to achieve the milestone of crossing Rs 12 lakh crore in market valuation.

The market valuation of Tata Consultancy Services (TCS) crossed Rs 12 lakh crore-mark at close of trade on Thursday, helped by a rally in its share price.

TCS topped the gainers’ chart on Sensex, rising 2.89 per cent to close at Rs 3,250.15 on the BSE. During the day, it jumped 3.42 per cent to a record high of Rs 3,267.

Following the rally in stock price, the company’s market valuation jumped to Rs 12,19,581.32 crore at close of trade on the BSE.

TCS is the second domestic firm after Reliance Industries Limited to achieve the milestone of crossing Rs 12 lakh crore in market valuation.

On Monday, the company’s market valuation had risen to Rs 12,09,768 crore during the morning trade on the BSE.

TCS is the second most valuable domestic firm in terms of market capitalisation.

Reliance Industries Limited is the country’s most valuable firm with a market valuation of Rs 12,42,910.75 crore.

The country’s largest software services firm had on Friday reported a 7.2 per cent rise in consolidated net profit at Rs 8,701 crore for December 2020 quarter.

The stock has gained over 13 per cent so far in January.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1JSW Hydro Energy raises Rs 5187 crore via green bonds
2Cotton crop output estimated at 360 lakh bales for 2020-21
3Sebi makes dividend distribution policy must for top 1,000 listed cos