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TCS m-cap soars by Rs 85,000 crore within a week of Q3 results

TCS hit a new high of Rs 3,261 on the BSE in intra-day deals today

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TCS said it could return to a double-digit growth trajectory next year

SI Reporter Mumbai
Shares of Tata Consultancy Services (TCS) hit a record high of Rs 3,261, up 3 per cent, on the BSE on Thursday. The stock has surged 7.5 per cent in the past one week and gained over Rs 85,000 crore in market capitalisation (market cap) after reporting a healthy set of numbers for the October-December 2020 quarter (Q3FY21). In comparison, the S&P BSE Sensex was up 3 per cent during the week.

A sharp run-up in the stock price of the Tata group information technology (IT) major has resulted in addition of Rs 85,648 crore to its market cap, taking