TCS, along with Mukesh Ambani’s Reliance Industries, became the biggest benefit in the stock market.
TCS News: Tata Group’s IT major TCS is once again the second most valuable company in India. This comes after the IT giant’s market valuation rose by 46,09444444444444444 crore this week. BSE Sensex climbed 1,134.48 points or 1.55%, while NSE Nifty rose 427.8 points, up 1.93% from March 3-7. TATA Consulting Services (TCS) is the biggest profiter along with Mukesh Ambani’s Reliance Industries.
MCAP of seven top companies jumps by Rs 2.1 billion
This week, the valuation of seven of the seven most valuable companies was consolidated at Rs 210,254.96 crore. The market value of Reliance Industries, India’s most valuable company, soared by Rs 669,852.5 crore to Rs 169,03,287 crore. With this sharp rise in market valuation, TCS has once again risen to second place in the top ten most worthy companies. In 2024, parent company Tata Sons owns 71.74% of TCS, and nearly 80% of Tata Sons’ dividend income comes from TCS. Currently, K Krithivasan (also known as Krithi) serves as CEO and MD since June 2023.
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TCS Q3 Results FY 2025
TCS announced a 12% increase in its consolidated net profit in the December quarter to a total of Rs 12,388 crore, up from Rs 110,58 crore in the same period last year. IT companies also announced temporary dividends of Rs 10 per share and special dividends of Rs 66 per share. Revenues for the quarter reached Rs 639,73 crore, reflecting a 5% increase.
