• Sunday, August 14, 2022

Business

India’s TCS Becomes Second Company to Touch Market Capitalisation of Rupees 8 Trillion

Chief Executive Officer of Indian software firm Tata Consultancy Services (TCS) Natarajan Chandrasekaran speaks during a news conference to announce the formation of a new entity with Mitsubishi Corporation of Japan in Mumbai on April 21, 2014. India’s biggest IT outsourcing firm, Tata Consultancy Services, in a joint venture with Mitsubishi Corporation’s IT Frontier Corporation has formed a Japanese IT services company that will be operational from June this year. AFP PHOTO/ INDRANIL MUKHERJEE (Photo credit should read INDRANIL MUKHERJEE/AFP/Getty Images)

By: Radhakrishna N S

India’s IT giant Tata Consultancy Services (TCS) on Tuesday (04) became the second Indian company to grab a market valuation of over Rs 8 trillion (£87.12 billion) mark after Reliance Industries (RIL), following a surge in its share price. TCS is India’s most-valued corporate giant in terms of market capitalisation. TCS’s market capitallisation stood at £87.28bn on Bombay Stock Exchange (BSE) at the close of the intraday trading on Tuesday (04). TCS shares closed 1.86 per cent higher at Rs 2,093.20 (£22.80) on BSE touching a 12 month high of 2.19 per cent to Rs 2,100 (£22.87). The company’s market…

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