IT shares in rally; Tech Mahindra's m-cap tops Rs 1-trillion; Wipro up 5%

With the market-cap of Rs 1.02 trillion at 02:15 pm, Tech Mahindra became the fifth IT company to join the Rs 1-trillion market-cap club

Shares of information technology (IT) companies were trading higher, surging up to 6 per cent on the BSE, ahead of sector giant Tata Consultancy Services' (TCS'), October-December 2020 quarter (Q3FY21) result, scheduled to be announced after market hours today.

Meanwhile, Tech Mahindra has joined the elite Rs 1-trillion market capitalization (market-cap) club on the BSE as its share price rallied 6 per cent and hit an all-time high of Rs 1,060 on Friday.

With market-cap of Rs 1.02 trillion at 02:15 pm, Tech Mahindra became the fifth IT company that joined Rs 1-trillion m-cap club. Overall, the company stood at