TCS settles at new high; m-cap ends at Rs 8 trillion for the first time

TCS, which hit a new high of Rs 2,100 in intra-day, has outperformed the market by surging 55% so far in the calendar year 2018 against 13.5% rise in the S&P BSE Sensex.

Shares of Tata Consultancy Services (TCS) settled at a new high of Rs 2093.20 per share, up 1.9% from the previous close on the BSE, near their share buyback price of Rs 2,100 per share.

Meanwhile, TCS’s market capitalisation surged past the Rs 8 trillion for the first time on a closing level basis. At the end of the day, TCS with Rs 8.01 trillion market cap was the most valued listed company. Reliance Industries (RIL) stands at second position with a market cap of Rs 7.87 trillion. RIL was the first company to achieve the milestone on August