Tech Mahindra's market capitalisation went past the ₹1-lakh crore mark helped by a rally in its stock price on Friday.
At the close of trade, the company's market valuation was at ₹1,01,671.34 crore on the BSE.
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Shares of the company gained 5.64 per cent to close at ₹1,050.95 on the BSE. During the day, it jumped 6.54 per cent to ₹1,059.95 -- its record high.
With this, the company has become the fifth information technology (IT) firm to enter the ₹1-lakh crore market capitalisation club.
Tata Consultancy Services (TCS), Infosys, HCL Technologies Ltd and Wipro are the other IT firms to have a market valuation of more than ₹1 lakh crore.
Tech Mahindra is at the 33rd position in the ranking of top-100 companies by market capitalisation on the BSE.
Reliance Industries Ltd is the country's most-valued firm with a market valuation of ₹12,25,445.59 crore followed by TCS ( ₹11,70,875.36 crore).
The market valuation of Infosys was at ₹5,58,772.73 crore, HCL Technologies Ltd ₹2,69,860.43 crore and Wipro ₹2,45,845.27 crore.
IT stocks were in the limelight on Friday ahead of TCS' results.
This story has been published from a wire agency feed without modifications to the text.
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