On Thursday HCL Technologies Ltd. replaced India’s largest cigarette maker, ITC Ltd. to become the nation’s 10th most valued firm in terms of market capitalisation on BSE.IT major, HCL Technologies’ market capitalisation stood at Rs 2.21 trillion, with shares trading at a record high of Rs 810.95, according to BSE and its shares have risen nearly about 43.3 per cent so far this year. While, the market capitalisation of ITC is 2.20 trillion, with shares trading 1.11 per cent down, at Rs 178.65 on BSE.
Currently, Reliance Industries Ltd. (RIL) is the most valued company with m-cap of Rs 15.71 trillion, Tata Consultancy Services (TCS) with Rs 9.31 trillion and HDFC Bank Ltd. at Rs 5.95 trillion. Hindustan Unilever Ltd. (HUL) holding on the fourth position with Rs 5.04 trillion, followed by Infosys Ltd. at Rs 4.27 trillion, HDFC Ltd. with Rs 3.17 trillion m-cap, Bharti Airtel Ltd. at Rs 2.63 trillion, Kotak Mahindra Bank Ltd. with Rs 2.62 trillion, and ICICI Bank Ltd. with a market capitalisation of Rs 2.58 trillion.
HCL Technologies on Monday has provided a surprising mid-quarter update by guiding for the above-expected growth in its revenue of at least 3.5 per cent on a quarter constant currency and an operating margin in the range of 20.5-21 per cent for the second quarter of FY21.