TCS market value crosses Rs 5 lakh cr; shares hit 52-week high

Tags: Companies
Software giant Tata Consultancy Services (TCS) today attained a market valuation of over Rs 5 lakh crore for the first time, helped by a rally in the stock.

The market capitalisation (m-cap) of TCS surged to Rs 5,03,148.25 crore, the highest for the company since its listing in 2004.

In dollar terms, TCS' market valuation rose to $83 billion.

Interestingly, TCS's current market capitalisation is higher than the combined valuation of Infosys (Rs 1,90,103.75 crore), HCL Technologies (Rs 1,08,069.20 crore), Wipro (Rs 1,40,042.54 crore) and Tech Mahindra (Rs 50,416.95 crore).

The company's share price rose by 1.95% to Rs 2,580.60 -- its 52-week high on the BSE in morning trade.

The stock has been in strong position, rallying more than 8% in five consecutive sessions from last Thursday, after the company posted a 45% jump in June quarter net profit.

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

The IT major was followed by state-run ONGC whose m-cap stood at Rs 3,47,780.67 crore, Reliance Industries Rs 3,31,451.84 crore, ITC (Rs 2,78,305.88 crore) and Coal India (Rs 2,43,180.03 crore).

EDITORIAL OF THE DAY

  • PSU banks can take a lesson from their private peers on disclosures

    The country’s top private lenders ICICI Bank and Axis Bank declared their fourth quarter earnings recently and both stepped up their asset quality d

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Tushar Gandhi

An unexplored side of rural enterprise

What is rural enterprise? Ask this qu­estion and 9 out ...

Rajgopal Nidamboor

Timeless idiom of mindful living

Each of us, according to scholar-historian Felipe Fernandez-Armesto, is familiar ...

Dharmendra Khandal

So, how do we define a 'vermin'?

These days there’s an ongoing debate whether to declare various ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture