TCS attains Rs 5 lakh cr market-cap

Tags: Companies
Tata Consultancy Services (TCS), the country's largest software services exporter, today attained a market valuation of over Rs 5 lakh crore after over a month.

At the end of today's trade, the market-capitalisation (m-cap) of TCS soared to Rs 5,09,523.91 crore, the highest for the company since its listing in 2004.

Shares of the outsourcing giant ended the day at Rs 2,601.30, up 2.45 per cent on the BSE. In intra-day trade, it rose by 2.9 per cent to Rs 2,612.95.

In dollar terms, TCS' market valuation rose to USD 84 billion.

TCS, the first Indian company to achieve the feat, had earlier crossed Rs 5 lakh crore market-cap in July this year.

The IT bellwether is also currently the country's most valued company in terms of market valuation.

TCS is followed by state-run ONGC whose m-cap stood at Rs 3,74,730.47 crore, Reliance Industries (Rs 3,33,400.02 crore), ITC (Rs 2,78,020.71 crore) and Coal India (Rs 2,37,495.30 crore).

The market valuation of other big IT players such as Infosys stood at Rs 2,14,454.24 crore, Wipro (Rs 1,42,478.12 crore), HCL Technologies (Rs 1,16,142.59 crore) and Tech Mahindra (Rs 57,293.10 crore).

EDITORIAL OF THE DAY

  • The high-stakes battle called presidential election has hotted-up with Kovind

    The selection of Ram Nath Kovind as the Bharatiya Janata Party’s candidate for the presidential election is significant for more than one reason.

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: Don’t bear with looters

Truth has a mind of its own. It always emerges ...

Rajgopal Nidamboor

Think outside the box

Creativity is the proviso of being resourceful. It connotes something ...

Kuruvilla Pandikattu

Tech is but a tool, digital era or not

Does our digital world make us make happier? We ...