Tuesday, October 27, 2020

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TCS Market Cap- Next Big Brand

TCS Becomes 2nd Indian Company After Reliance To Cross Rs 10 lakh crore Market Cap

On Monday, Tata Consultancy Services(TCS) became the second Indian company to achieve a market cap of more than Rs 10 lakh crore after Reliance Industries, supported by a rally in its share price.  The stock jumped more than 6 percent in morning trade ahead of its board meeting later this week to discuss a share buyback plan.  To hit its record high of Rs 2,678.80 on the BSE, the stock increased by 6.18 percent.  It zoomed to Rs 2,679 by 6.16 per cent — its all-time high on the NSE.  The company's market value soared to Rs 10,03,012.43 crore in afternoon trading on the BSE following the rally in its share price.  After Reliance Industries Limited, TCS became the second Indian firm to have a market cap of over Rs 9 lakh crore last month.  In terms of market capitalisation, it is the second most important domestic company. Meanwhile, the first Indian company to have reached the Rs 10 ...

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