TCS hits six-month high; regains Rs 8 trillion market-cap mark

Tata Consultancy Services (TCS) hit a six-month high of Rs 2,149, up 2 per cent on Tuesday, extending its Monday’s 5 per cent rally on the BSE, after the company reported better than expected 2.4 per cent growth in constant currency (CC) revenue in the March 2018 quarter of financial year 2018 – 19 (Q4FY19).

The stock of IT major hit its highest level since October 4, 2018 on the BSE. Boosted by 7 per cent rally in stock post March quarter results, the market valuation of TCS regained the Rs 8 trillion-mark today to reach Rs 8.04 trillion at 12:50 pm, BSE data shows.

GIven the last two day’s rally, TCS is now just 6 per cent away from its all-time high price of Rs 2,273 hit on October 1, 2018. The Tata Group company had commanded a market capitalisation of Rs 8.46 trillion then.