TCS crosses a Mcap of Rs 9 Trillion, after Reliance
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The Tata Group’s shining star, Tata Consultancy Services becomes the 2nd Indian company to cross ₹9 Trillion m-cap after Reliance Industries Limited, whose market valuation is currently at ₹15,78,732.92 Cr
What significance does this hold for the group?
- According to a BNP Paribas report, the IT Services sector is best placed to beat the work from home blues.
- TCS is one of the best-placed stocks in the IT space
- It is most likely to be benefitted from the work-from-home culture, thus giving the whole business, a boost.
- TCS is also targeting 75% of the global workforce to work from home by 2025.
- This could result in huge savings as travel accounts for almost 2% of overall revenue!
After having underperformed in the last 3 months, in the past week it suddenly outperformed the market by gaining 4%, as compared to a 1.7% rise in the S&P BSE Sensex
How did growth take place even after a weak set of numbers for Q1 FY21?
•IT services are best positioned wherein there are EBIT gains of up to 2-5% for the large companies even if they are able to retain half of the cost savings over the medium term
Do you think the market for TCS can also slip if underperformed & snatch away its golden title of being the 2nd Indian firm to cross ₹9 Lakh Crore Mcap?
