Updated Jan 11, 2021 | 13:08 IST
TCS share price jumped 3.5 per cent to hit a fresh 52-week high of Rs 3,230 apiece on BSE today after the company reported 7.17 per cent on-year rise in the consolidated net profit to Rs 8,727 crore TCS hits Rs 12 lakh crore m-cap, becomes 2nd Indian company to reach the milestone | Photo Credit: BCCL
New Delhi: Tata Consultancy Services Ltd (TCS) on Monday became the second Indian company to hit Rs 12 lakh crore in market capitalisation on the back of information technology (IT) services major s strongest December quarter growth in nine years.
Reliance Industries (RIL) is the first Indian company to achieve this feat. In July 2020, RIL s market capitalisation crossed the Rs 12 lakh crore figure when shares of the oil-retail-telecom conglomerate crossed Rs 1,900 mark on the BSE. At present RIL s market capitalisation is Rs 12.29 lakh crore (including partly paid shares).