Reliance Industries became the first Indian company to reach Rs 20 lakh crore in market capitalisation. The energy-to-telecom conglomerate’s market value stood at Rs 20.04 lakh crore ($238.7 billion) on Wednesday, catapulting it into the list of world’s most valuable corporations. Surpassing behemoths like Pepsico, Novartis, Industrial and Commercial Bank of China, and SAP in … Read more
Mumbai: Tata Consultancy Services crossed ₹15 lakh crore in market capitalisation on Tuesday, becoming only the second Indian company to do so after Reliance Industries. Overall strength in the technology space helped shares of the flagship company of the Tata group surge 4.4% intraday to a lifetime high of ₹4,149.9, before closing 4% higher at … Read more
Shares of Tata Consultancy Services (TCS) rallied over 4% to hit an all-time high at Rs 4,135.9 in Tuesday’s trade on BSE. Meanwhile, the IT major also crossed Rs 15 lakh crore of market cap for the first time in today’s trade. The rally in the stock came after the firm on Monday said that … Read more
Into the third day of the earnings season and behind three dozen results including those of Nifty heavyweights Tata Consultancy Services (TCS), Infosys, HCL Technologies and Wipro, Saturday will be relatively calmer with six companies announcing their December quarter earnings. However, Street will be keeping a track of results of Avenue Supermarts, the company which … Read more
ET Intelligence Group: HCL Technologies (HCLTech) on Friday delivered better-than-expected numbers for the December quarter helped by the ramp up in Verizon deal and buoyancy in the software licence and subscription business. The country’s third largest IT exporter reported the strongest sequential growth of 6% in dollar-denominated revenue, excluding the currency fluctuation effects (constant currency) … Read more
Shares of Tata Consultancy Services (TCS) jumped over 3% to the day’s high of Rs 3,860.25 on the NSE after the brokerages remained upbeat on IT bellwether following its Q3 results wherein it beat revenue expectations even as the bottomline trailed Street view. Morgan Stanley upgraded the stock to Overweight while raising its price target … Read more
In a memorable year for the equity market, Dalal Street investors added a whopping Rs 80.62 lakh crore to their wealth in 2023 as a raft of positive factors powered a stellar rally in stocks. Experts said India’s strong macroeconomic fundamentals, political stability owing to the BJP’s success in recent elections in three significant states, … Read more
The combined market valuation of three of the 10 most valued firms jumped Rs 70,312.7 crore last week, with Reliance Industries emerging as the biggest winner, amid volatile market conditions. From the top 10 pack, Reliance Industries, HDFC Bank and Hindustan Unilever were the gainers, while Tata Consultancy Services (TCS), ICICI Bank, Infosys, State Bank … Read more
