Left Menu
Development News Edition

TCS' market valuation crosses Rs 12 lakh cr-mark

PTI | New Delhi | Updated: 14-01-2021 19:47 IST | Created: 14-01-2021 19:45 IST
TCS' market valuation crosses Rs 12 lakh cr-mark
Representative image. Image Credit: ANI

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.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)



China: A savior for emerging markets or a poison pill?

... ...

Future of Urban Planning: Artificial Intelligence guiding the way

Advances in emerging technologies like Artificial Intelligence and Machine Learning can help us understand our cities better and derive useful insights from real-time data collected through automated models....


Latest News

Israeli military chief warns of new plans to strike Iran

Israels military chief Tuesday warned the Biden administration against rejoining the 2015 Iran nuclear deal, even if it toughens its terms, adding hes ordered his forces to step up preparations for possible offensive action against Iran dur...

WRAPUP 3-Enthusiasm over COVID-19 vaccines tempered by talk of protectionism and hoarding

Europe urged pharmaceutical companies on Tuesday to honour their commitments to supply coronavirus vaccines, as delivery cuts and delays dim hopes of a quick fix to COVID-19 and increase talk of protectionism and hoarding.Countries around t...

Biden speaks to Putin for first time since taking power -White House

U.S. President Joe Biden spoke to Russian President Vladimir Putin on Tuesday for the first time since taking office and raised concerns about Russian activities including the treatment of jailed Kremlin critic Alexei Navalny, the White Hou...

Biden, in first call with Putin, presses on Navalny, treaty

President Joe Biden had his first call with Vladimir Putin on Tuesday, raising concerns about the arrest of opposition figure Alexei Navalny while pressing the Russian president on his nations involvement in a massive cyberespionage campaig...

Give Feedback