Shares of Tata Consultancy, the country’s largest IT company, continue to boom. TCS shares have gained more than 90 per cent since the March low. In today’s business, TCS shares rose more than 1 percent to reach Rs 2949.90. This is a record high for the stock. Between this record high of share, TCS’s market cap also crossed 11 lakh crore for the first time. TCS is the second company to join the 11 lakh market cap club. Prior to this, Reliance Industries has done this feat.
Prior to this, TCS joined the 10 lakh crore market cap club on 5 October 2020 itself. During that time, the stock had gained more than 6 per cent and reached a price of Rs 2679. At the same time, the company’s market cap had increased to 10.03 lakh crore. Since then, the company has taken about 2 months and 23 days to increase its market cap by 1 lakh crore.
TCS shares have gained nearly 96 per cent since the March low. In March, the stock had hit a price of Rs 1504. At the same time, on December 31, TCS shares were priced at Rs 2161. This means that the stock has risen 37 percent so far this year.
Top 10 Companies in Market Cap
Reliance Industries: 12.70 lakh crore
Tata Consultancy: 11.08 lakh crore
HDFC Bank: 7.79 Lakh Crore
HUL: 5.61 Lakh Crore
Infosys: 5.30 Lakh Crore
HDFC: 4.45 Lakh Crore
Kotak Mahindra Bank: 3.94 Lakh Crore
ICICI Bank: 3.59 Lakh Crore
Bajaj Finance: 3.14 Lakh Crore
Airtel: 2.85 lakh crore
