IT stocks gain: TCS tops ₹9 trillion in m-cap, HCL Tech m-cap at ₹2 trillion

Tata Consultancy Services Ltd on Monday crossed Rs9 trillion in market capitalization, becoming the second Indian company to achieve the milestone after Reliance Industries Ltd.

Also, HCL Technologies Ltd hit the ₹2 trillion market cap mark for the first time as its shares rallied following a robust guidance by the software services firm.

The TCS stock gained 5.5% in intraday trade on Monday to reach a record high of Rs2,504.20 on BSE, giving the IT bellwether a market cap of Rs9.36 trillion. It closed at Rs2,493.20 apiece, with a market cap of Rs9.35 trillion.