TCS becomes second co to surge past Rs 6 lakh cr mcap mark

During the late morning trade, the market capitalisation (m-cap) of TCS stood at Rs 6,12,696.46 crore.

New Delhi: Tata Consultancy Services' market valuation surged past the Rs 6 lakh crore mark today, becoming the second company to achieve the milestone after Reliance Industries Ltd.

At the close of trade today, the market capitalisation (m-cap) of TCS stood at Rs 6,07,709.74 crore.

Shares of the IT major rose by 2.30 per cent to end at Rs 3,174.60 on BSE. Intra-day, it gained 4.88 per cent to Rs 3,254.80 -- its 52-week high.

The company had briefly surpassed RIL to become the country's most valued firm in terms of market valuation during the afternoon trade on BSE.

RIL later regained its status as the most valued Indian firm with a market valuation of Rs 6,10,938.21 crore.

Market valuation of Reliance Industries Ltd had crossed the Rs 6 lakh crore mark on November 1 last year.

Shares of RIL ended with a loss of 1.75 per cent at Rs 964.55.

In the ranking of top-five firms in the m-cap chart, RIL remained at number one position followed by TCS, HDFC Bank (Rs 5,08,822.40 crore), ITC (Rs 3,43,161.36 crore) and HDFC (Rs 3,04,812.47 crore).