On Tuesday, the surge of over 2 per cent in share prices of Tata Consultancy Services (TCS) increased its markets value above Rs 8 lakh crore. TCS became the second Indian company in 15 days to hit the record. On August 23, Reliance Industries became the first Indian company to do so.
On Tuesday, the surge of over 2 per cent in share prices of Tata Consultancy Services (TCS) increased its markets value above Rs 8 lakh crore. TCS became the second Indian company in 15 days to hit the record. On August 23, Reliance Industries became the first Indian company to do so.
The company's market valuation rose sharply by Rs 14,644.36 crore to Rs 8,01,397.36 crore.
TCS had crossed Rs 7 lakh crore in June after it crossed $ 100 billion milestone. The market valuation of TCS had earlier this year gone past the Rs 6 lakh crore, Business Today reported.
The company had become the first Indian company to close the trading session with over $100 billion market valuation in April. The stock of TCS has increased by over 50 per cent this year.
Market value of a company is the total number of outstanding shares multiplied with the share price trading value in the market.
The good news for tech companies came from across the globe as the US company, Amazon Inc, crossed $1 trillion-mark in stock market value on Tuesday to become the second US company to hit the milestone. Apple crossed $1 trillion -mark on August 2. Amazon's stock shot up by over 1 per cent to trade at $2,050.27 , thereby crossing the one trillion dollar threshold.
The share prices of Amazon have gone up by nearly 75 per cent this year. Amazon, in recent years, has emerged as a disruptive force in shopping, attracting millions of customers across the globe, the US and India in particular, to shop online.
According to a leading daily in the US, the impeccable financial standards followed by Amazon has earned it the investors' trust and rewards.
The company's market valuation rose sharply by Rs 14,644.36 crore to Rs 8,01,397.36 crore.
TCS had crossed Rs 7 lakh crore in June after it crossed $ 100 billion milestone. The market valuation of TCS had earlier this year gone past the Rs 6 lakh crore, Business Today reported.
The company had become the first Indian company to close the trading session with over $100 billion market valuation in April. The stock of TCS has increased by over 50 per cent this year.
Market value of a company is the total number of outstanding shares multiplied with the share price trading value in the market.
The good news for tech companies came from across the globe as the US company, Amazon Inc, crossed $1 trillion-mark in stock market value on Tuesday to become the second US company to hit the milestone. Apple crossed $1 trillion -mark on August 2. Amazon's stock shot up by over 1 per cent to trade at $2,050.27 , thereby crossing the one trillion dollar threshold.
The share prices of Amazon have gone up by nearly 75 per cent this year. Amazon, in recent years, has emerged as a disruptive force in shopping, attracting millions of customers across the globe, the US and India in particular, to shop online.
According to a leading daily in the US, the impeccable financial standards followed by Amazon has earned it the investors' trust and rewards.