NEW DELHI: Tata Consultation Services Market Assessment (TCS) on Tuesday racing through the crore sign RS 13 Lakh, became the second company after reliance Industries was limited to achieving this achievement.
At the close of trade, market capitalization (MCAP) Tata Consultation Services is Rs 13,14,051.01 Crore in BSE.
The company reached this historical milestone after the company’s shares jumped 2.32 percent to close at Rs 3,552.40 at BSE.
During the day, it rose 2.54 percent to 52 weeks by RS 3,560.25.
Major IT in January this year violated the crore market assessment sign RS 12 Lakh.
TCS is the second most valuable domestic company in terms of market assessment.
Reliance Industries Limited is the most valuable company in the country, with RS market assessment 13.71,823.79 crore.
“Visibility of sustainable income recovery in IT stocks in the background of a strong agreement won and encouraged the guidelines distributed by management at 1Q FY22 to make investors to hold their stock,” said the head strategy on reliance securities, said.
Buying also seen in other IT stocks, with Tech Mahindra, Infosys, HCL Technologies Limited and Wipro closed the day with a rise.
So far this year, Tata Consultation Services shares have risen 23.76 percent.