TCS CEO Rajesh Gopinathan
Image Source: ETmarkets.com
Tata Consultancy Services Ltd. overtook Accenture Plc to become the largest IT firm by market cap. TCS share price fell 0.40% on the BSE today, recounting a market cap of $ 169.2 billion. With this, TCS, the country's largest software service exporter became India's most valuable company after surpassing Reliance Industries after 11 months. Reliance Industries' market cap is $1658.5 billion.
The New York Stock Exchange is yet to open for trade on Monday. Further, it will depend on whether Accenture will overtake TCL or not?
There is a great surge in the NSE Nifty IT index during this Corona pandemic. It increases the demand for digital products. The NSE Nifty IT index surged by 57.98% over the last year as compared to the NSE Nifty Index which rose 16.25%.