TCS is first Indian company to cross Rs5,00,00-cr market cap

23 Jul 2014

1

Tata Consultancy Services has emerged India's most valuable company in terms of share value, with its market capitalisation touching Rs5,06,703.34 ($84.5 billion) today, the first Indian company to cross the Rs5,00,000 crore market cap.

TCS is first Indian company to cross Rs5,00,00-cr market capShares of TCS, which hit their 52-week high on the bourses today, closed 2.21 per cent higher at Rs2,586.9, taking the company's market cap to Rs5,06,703 crore.

TCS is followed by ONGC (Rs3.5 lakh crore) and Reliance Industries (Rs3.3 lakh crore).

The market cap of TCS is more than the combined market cap of Rs4,62,195.33 crore of the other four major Indian IT companies, including Infosys (Rs1,63,367.32 crore), Wipro (Rs1,40,480.71 crore), HCL Tech (Rs1,07,880.18 crore) and Tech Mahindra (Rs50,467.12 crore), as per latest market data,

The TCS stock has rallied more than 8 per cent in five consecutive sessions since the company last Thursday reported a 45 per cent jump in June quarter net profit.

TCS has reported a net profit of Rs5,568 crore and a revenue of Rs22,111 crore for the first quarter ended 30 June 2014.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more