new Delhi. The country’s largest IT company Tata Consultancy Services once again crowned the world’s largest IT company, although this crown did not last long on the company’s head. After the fall in the shares of the company after noon, the market cap of the company fell by almost $ 3 billion and the company was back again. Let us tell you that the TCS company left the assembly behind. Now there is a billion dollar gap in the market of both the companies and the assembly has again become the number one company.
The company’s market cap had come to around $ 170 billion
According to the report, the company’s market cap had reached $ 170 billion today. After which it became the largest IT company in the world. In fact, this morning, the company’s shares were seeing a boom. Due to which the company’s stock had reached 52 weeks high i.e. Rs 3345.25. The reason why the company’s market cap had increased significantly and left the assembly behind. After that, there was profit booking in the shares of the company and the market cap of the company fell by $ 3 billion and again it was behind the assembly. Currently, Ascentr has a market cap of $ 168 billion and TCS has reached about $ 167 billion.
82 percent jump in 10 months
However, shares of TCS company have seen a jump of 82% since March. The company’s stock was pegged at Rs 1504.25 in March 2020. After which the shares of the company have seen a steady rise. This boom has been seen due to buyback policy and excellent quarterly results. Let us tell you that TCS became the most valuable IT services company in the world in October last year beating the assembly.