Tata Consultancy Services: TCS m-cap tops Rs 15 lakh crore as shares jump to lifetime high

Mumbai: Tata Consultancy Companies crossed ₹15 lakh crore in market capitalisation on Tuesday, changing into solely the second Indian firm to take action after Reliance Industries. General energy within the expertise house helped shares of the flagship firm of the Tata group surge 4.4% intraday to a lifetime excessive of ₹4,149.9, earlier than closing 4% larger at ₹4,136 on the NSE.

The nation’s largest software program providers firm, which made its inventory market debut in 2004, was the primary ever to cross the ₹5-lakh crore mark in 2014. Its market capitalisation surpassed ₹10 lakh crore in 2020. The market capitalisation of Reliance Industries, essentially the most priceless Indian firm, stood at ₹19.33 lakh crore on Friday

“Among the heavyweights on this sector are at their all-time highs, and they’re above their name (choices) bases, so an additional uptrend within the house can’t be dominated out,” mentioned Raj Deepak Singh, analyst at ICICI Securities. Additional good points may additionally come on the again of a powerful underlying sentiment for home equities, he added.

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