TCS has again become India’s most valuable firm replacing RIL from its spot.
It happened after a sharp 5% increase in share value of TCS to 1977 INR after which the valuation of company touched 7,41,678 crores overshadowing the 7,26,554 crores valuation of Reliance Industries Limited (RIL).
This increase in share value came after the report of acquisition of BridgePoint Group which is a US based management consulting firm. Currently TCS partners eight of the top 10 US consulting firms which deliver financial, banking, insurance services.
TCS is most valuable and revenue generating firm of Tata Group.