New Delhi: The country's giant IT company Tata Consultancy Services (TCS) has reached a new high on Tuesday. Shares of TCS reached record highs in Tuesday's trade. The market capitalization of the stock TCS has crossed Rs 13 lakh crore for the first time. The Nifty's IT index jumped more than 1 percent due to buying in Tech Mahindra, Coforge, TCS, Mindtree, MFAIS.
Shares of TCS, the second-largest Indian company in terms of market cap, are trading at more than 1 percent, reaching an all-time high of Rs 3,518 per share in early Tuesday's trade on the BSE Sensex. With this, the market cap of TCS has gone up to Rs 13.01 lakh crore. In this current era of the boom, giants like TCS and Infosys are leading IT the way. V K Vijayakumar, the chief investment strategist at Geojit Financial Services, said, "Investors have confidence in IT as the sector continues to grow rapidly, which is expected to last for 3 to 4 years. '
For the quarter ended June 2021, TCS had registered a growth of 28.5 per cent as net profit. The company gained Rs 9,008 crore as compared to Rs 7,008 crore in the quarter a year ago. The company's revenue from operations rose 18.5 per cent to 45,411 crore in the June quarter from 38,322 crore in the same quarter last fiscal.
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