TCS market capitalisation crosses Rs 13 trillion as stock hits new high

Thus far in the month of August, TCS has rallied 11 per cent compared with a 6 per cent rise in the S&P BSE Sensex

Tata Consultancy Services (TCS) became the second listed company and the first information technology (IT) company to cross the Rs 13 trillion market capitalisation (market cap) after its stock hit a new high on Tuesday.
 
The stock of TCS closed at Rs 3,552.40, up 2.32 per cent on the BSE. TCS' stock, part of the Tata group of companies, quoted higher for the ninth straight trading day. Thus far in August, in 12 trading days, TCS has rallied over 11 per cent, against a 6 per cent rise in the S&P BSE Sensex.
 
The sharp rally in stock