By beating IBM in market capitalisation, Mumbai-based Tata Consultancy Services (TCS) became the most valued firm in the Indian stock market. The achievement has become a moment to celebrate, when the homegrown firm also beat Reliance Industries in market capitalisation race.
On 11 June, TCS share touched new heights and closed with a market capitalization of Rs 8.37 lakh crore. On the other hand, IBM registered market capitalization Rs 8.32 lakh crore in York Stock Market.
On the same day, while stock closed, the market capitalization of IBM stood at Rs 8.29 lakh crore.