Source:- “IBEF: September 15, 2020
Tata Consultancy Services (TCS) becomes the second leading Indian firm to achieve a market valuation of INR 9 trillion, after Reliance Industries. The market valuation of the company reached INR 9 trillion in in early trade helped by a rally in its share price.
The stock of the software services firms also reached its record high on the BSE — gained 2.91% to INR 2,442.80, while on the NSE, it achieved its lifetime high — jumped 2.76% to INR 2,439.80.
The company’s market valuation increased to INR 9,14,606.25 crore on the BSE in early trade, due to surge in its share price. In terms of market capitalisation, it is the second most-valuable domestic firm.
Reliance Industries Limited is the first Indian firm to have crossed the market valuation mark of INR 9 trillion.
In October last year, the country’s most valued firm achieved this milestone. Currently, its market valuation stands at INR 15,78,732.92 crore — the highest of any listed company in the country.”