TCS becomes the second Indian company to cross Rs 9 trillion m-cap

The market-capitalisation (m-cap) of Tata Consultancy Services Ltd surged past the Rs 9 trillion-mark for the first time, after its share price rose 1.5 per cent to hit a record high of Rs 2,408 in Monday’s early morning trade. The information techology (IT) giant is the second Indian company, after Reliance Industries (RIL), to achieve the milestone.

The IT bellwether’s stock surpassed its previous high of Rs 2,389.50, hit on September 8, 2020. At 09:18 am, TCS’ m-cap stood at Rs 9.02 trillion, the BSE data shows.

In the past week, TCS has outperformed the market by gaining 4 per cent, as comapred to 1.7 per cent rise in the S&P BSE Sensex. However, it has underpeformed during the last three months, by gaining 15 per cent, against 16.5 per cent upmove recorded by the benchmakr index.