• Friday, April 19, 2024

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…

You do not have access to this content. You need to subscribe.

Related Stories

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…