Shares of TCS, one of Ratan Tata’s favorite companies and the country’s largest IT services company, reached record levels today. Earned about Rs 60 thousand crore in just 35 minutes. Due to which the market cap of the company crossed Rs 15 lakh crore. This is the first time when the valuation of the company has crossed Rs 15 lakh crore. In fact, the company has made a deal with a travel insurance company named Europe Assistance. Due to which an increase is being seen in the shares of the company. In about 10 months, the company’s shares have seen an increase of more than 35 percent. Let us also tell you what kind of rise is being seen in TCS shares.
Company’s shares reached record level
Shares of the country’s largest IT company Tata Consultancy Services (TCS) reached a record level during the trading session on Tuesday. According to BSE data, the company’s shares have reached a record level of Rs 4135.90 with a rise of 4.10 percent in the trading session of 9.50 am i.e. 35 minutes. The special thing is that the company share has crossed the mark of Rs 4000 after about a year. If we talk about the present time, then the shares of the company are seeing a rise of 3.83 percent i.e. Rs 152 and the shares of the company are trading at Rs 4125. By the way, the company’s shares have opened at Rs 4 thousand. A day earlier, the company’s shares had closed at Rs 3972.75 with a marginal increase.
Earned 60 thousand crores in 35 minutes
Due to this rise, there has been an increase of about Rs 60 thousand crores in the valuation of the company. When the company’s stock reached its 52-week high, the market cap of the company had crossed Rs 5.13 lakh crore. Whereas a day earlier the market cap of the company had gone up to Rs 14,53,649.63 crore. This means that the company has made a profit of Rs 60 thousand crores in about 35 minutes. At present the market cap of the company has become Rs 15,09,322.10 crore.
The figure of Rs 15 lakh crore touched for the first time
The special thing is that the market cap of the company has crossed Rs 15 lakh crore for the first time. This is the second company in the country whose market cap has reached this level. Earlier, Reliance Industries was the first company to achieve this feat. However, many companies of Tata Group have been setting records for some time. In which the names of shares of Titan and Tata Motors can be taken prominently. Both the companies have made huge profits for the investors. TCS shares may see even greater growth in the coming days.