Business Standard TCS market capitalisation crosses Rs 13 trillion as stock hits new high
Tata Consultancy Services (TCS) became the second listed company and the first information technology (IT) company to cross the Rs 13 trillion market capitalisation (market-cap) as the stock hit a new high in intra-day trade on Tuesday. Shares of TCS hit a new record high of Rs 3,520, up 1.4 per cent on the BSE in intra-day trade. In comparison, the S&P BSE Sensex was up 0.09 per cent at 55,632 points at 11:21 am. TCS' stock, part of the Tata group of companies, was quoting higher for the ninth straight trading day. Thus far in the month of August, in 12 trading days, TCS has rallied 11 per cent, against a 6 per cent rise in the S&P BSE Sensex.