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TCS m-cap nears Rs 12 trillion mark; stock rallies over 8% in 3 days

TCS stock needs to rise another 3 per cent to hit Rs 12 trillion market-cap

Tata Consultancy Services (TCS)
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Motilal Oswal Securities expects TCS to report strong growth in Q3FY21

SI Reporter Mumbai
Shares of Tata Consultancy Services (TCS) continued their upward movement, hitting a new high of Rs 3,113, after rising 2.4 per cent on the BSE on Tuesday. TCS is set to become the second listed company to enter the Rs 12 trillion market capitalisation (market cap) club.

The stock has rallied 8.5 per cent in the past three trading days. TCS' Rs 16,000 crore share buyback programme closed on Friday, January 1.

A sharp rally in TCS share price has seen the company's market cap (m-cap) increase by Rs 91,089 crore in the past three sessions to Rs