Shares of TCS shot up by over 15% to end at Rs500 on Monday registering its biggest single day gains for the first time since the stock was listed on the exchanges in August 2004. During the intra-day trades market capitalization of TCS hit the 1 lakh crore mark.
The stock rallied after the company posted spectacular Q1 earnings beating market estimates with major brokerage firms upgrading the stock rating.
The stock had opened at Rs449 and made an intra-day high of Rs514 and a low of Rs449. Total traded volumes stood at 3.9mn shares on the BSE.
