POPULAR INDIAN IT COMPANY BECOMES MOST-VALUABLE IT SERVICES FIRM IN THE WORLD; EMPLOYEES OVERJOYED! - REPORT 

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By Behindwoods News Bureau | Oct 09, 2020 02:38 PM

Despite COVID-19 pandemic and global crisis, Indian software services major Tata Consultancy Services (TCS) became the most valued company in the world surpassing Accenture. 

tcs tops accenture as most valued it company in the world report

As per October 8 closing, TCS’s market value stood at USD 144.7 billion when compared to Accenture’s USD 143.1 billion. Looking at the other listed Indian companies on the list, TCS is behind Reliance Industries (RIL) in terms of market capitalisation which is at nearly USD 215 billion.

According to a Money Control report, TCS rallied over 3 percent to close at Rs 2,825 yesterday after its board approved a share buyback at Rs 3,000 per share. Following that, several brokerages upgraded TCS stock after it clocked stellar returns for the September quarter.

tcs tops accenture as most valued it company in the world report

Currently, the company reported a profit after tax of Rs 7,475 crore for the quarter ended September 2020, registering a 6.7 percent sequential growth, Money Control further reported.

tcs tops accenture as most valued it company in the world report

In the past few weeks, most Indian software services firms have witnessed good buying interest on the bourses. Wipro rallied over 10 percent in early trades and closed 7 percent higher, while Infosys rallied over 4 percent and closed 2.6 percent higher.   

அரசியல், விளையாட்டு, நாட்டுநடப்பு, குற்ற சம்பவங்கள், வர்த்தகம், தொழில்நுட்பம், சினிமா, வாழ்க்கை முறை என பலதரப்பட்ட சுவாரஸ்யமான செய்திகளை தமிழில் படிக்க இங்கு கிளிக் செய்யவும்      

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