Tata Consultancy Services’ market valuation surged past ₹6 lakh crore mark today, becoming the second company to achieve the milestone after Reliance Industries Ltd.
During the late morning trade, the market capitalisation (m-cap) of TCS stood at ₹6,12,696.46 crore.
The company also surpassed RIL to become the country’s most valued firm in terms of market valuation.
Shares of the IT major rose by 4.88 per cent to ₹3,254.80 — its 52-week high — on BSE.
Shares of RIL however, fell by 1.89 per cent to ₹963.10. RIL’s m-cap stood at ₹6,11,096.56 crore during the late morning trade.
In the ranking of top-five firms, TCS stood at number one position followed by RIL, HDFC Bank (₹5,08,576.16 crore), ITC (₹3,41,332.79 crore) and HDFC (₹3,03,382.63 crore).