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

  • Fall in sale of e-books globally is being attributed to screen fatigue

    Screen fatigue seems to have hit the human race big time, given that eyes are constantly exposed to various screens, from android and Apple I-phones,

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium: INDIA’S kill zones

In a curious twist after the 1999 Lok Sabha hustings, ...

Gautam Datt

<b>Newsmaker<b>: Caught in the middle

Historic opportunities can be easily squandered if they are not ...

Kuruvilla Pandikattu

The forgotten hero of science & religion

Young students of science will recognise Albert Einstein, Isaac Newton, ...