TCS market cap crosses Rs 13.5 trillion
Published On: Wednesday, August 25, 2021 | By: Team KnowMyStock
Shares of TCS gained more than 2 percent intraday today and hit a new high of Rs 3,697 on Wednesday and became the second listed company to cross the Rs 13.5 trillion market capitalization (market cap). The stock of the information technology (IT) giant surpassed its previous high of Rs 3,672.50 touched on Monday, August 23, 2021. In one month TCS stock has outperformed BSE Sensex, surging nearly 15 percent, as compared to a 6 percent rise in the benchmark index. TCS is less than 3 percent away to hit the Rs 14 trillion market cap mark. It currently stands at second position in the overall market cap ranking, behind Reliance Industries which has a market cap of Rs 14.51 trillion, including partly paid shares market cap, according to the BSE data. This sector has been consistently performing well with continuous positive momentum. Analysts say that the main reason behind the positive momentum and healthy revenue growth is strong order bookings, broad-based revenue growth,
and stable margins. The second reason for the healthy revenue growth for the company is the minimal impact of second wave of COVID-19 on the sectoras the work was easily managed from home,
Tags: TCS Marketcap ITsector second position
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