TCS hits all-time high, up 2%; market cap nears Rs 15-trillion mark

The current market cap of TCS stood around Rs 14.93 trillion on the BSE, as of 10:56 am, the exchange data showed.

Shares of Tata Consultancy Services (TCS) hit an all-time high of Rs 4,038.40, up 1.7 per cent on the BSE in Monday’s intra-day trade. In the past three sessions, the stock of the information technology (IT) services major was up nearly 5 per cent, after TCS beat the Street estimates on growth for the quarter ended December 2021 (Q3FY22).

The company has also announced a buyback of Rs 18,000 crore (40 million shares at Rs 4,500 per share). The amount is 12.5 per cent higher than historical buyback. The company also declared an interim dividend of Rs 7 share