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TCS Surpasses Rs 6 Lakh Crore In Market Cap, Second After RIL

During the late morning trade, the market capitalization of TCS stood at Rs 6,12,696.46 crore.

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TCS Surpasses Rs 6 Lakh Crore In Market Cap, Second After RIL

Shares of the TCS jumped to 52-week high on BSE


New Delhi: Tata Consultancy Services' market valuation surged past Rs 6 lakh crore mark on Wednesday, becoming the second company to achieve the milestone after Reliance Industries Ltd. During the late morning trade, the market capitalization (m-cap) of TCS stood at Rs 6,12,696.46 crore.

The company also surpassed RIL to become the country's most valued firm in terms of market valuation.

Shares of the IT major rose by 4.88 per cent to Rs 3,254.80 -- its 52-week high -- on BSE. Shares of RIL however, fell by 1.89 per cent to Rs 963.10. RIL's m-cap stood at Rs 6,11,096.56 crore during the late morning trade. In the ranking of top-five firms, TCS stood at number one position followed by RIL, HDFC Bank (Rs 5,08,576.16 crore), ITC (Rs 3,41,332.79 crore) and HDFC (Rs 3,03,382.63 crore).



(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


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