TCS market valuation: TCS market value now worth Rs 10 lakh crore! – tcs market value tops rs 10 lakh crore after the company’s buyback proposal

Mumbai: Tata Consultancy Services (TCS), which is owned by Tata Sons, crossed the Rs 10 lakh crore mark on Monday, becoming the second Indian company to reach this milestone. Reliance had previously crossed the border.

The TCS board meeting is scheduled for this week and the share buyback (buyback) decision is likely to be announced at the meeting. Shares of TCS rose by 7.55 per cent to Rs 2,713.95 on Monday. TCS’s market capitalization increased to Rs 10.16 lakh crore.

TCS is India’s second most valuable company in terms of current market capitalization. Reliance Industries Limited TCS has a market cap of Rs 14.58 lakh crore.

Reliance’s market value jumps to Rs 16 lakh crore, up 181%

In its regulatory filing on Sunday, TCS said, “At its meeting on October 7, the company’s directors will take a decision on the equity share buyback proposal.” Benny has seen a record rise in share value.

Equity shareholders are also likely to announce a second interim dividend based on its September quarter results.

Earlier in 2018, the company had bypassed 16,000 crore shares. There was a stock buyback in 2017 as well. It is now possible to run a huge bypass again.

Market experts estimate this is good news. “Most IT companies have excess cash, which can be used as a dividend or buyback to shareholders,” says Jyoti Roy, an equity strategist at Angel Broking Ltd.