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TCS creates history by crossing $100 bn market cap

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Tata Consultancy Services has become the first Indian company, listed on the bourses, to cross $100 billion in market capitalisation. The company’s share was trading at Rs 3,499, up 2.7% in intra-day trade on April 23. The market value touched Rs 6,62,726.36 crore, shortly after the BSE opened for trading on Apirl 23, ahead of companies like HDFC and ITC.

On Aoril 20, the Rajesh Gopinathan-led company’ stock surge 6.7 per cent adding Rs 40,000 crore to it’s valuation after it reported better-than-expected profits for quarter ending March quarter. TCS also announced 1:1 bonus shares.

On April 19 the IT-bellwether reported a 4.48 per cent year-on-year (yoy) rise in consolidated net profit at Rs 6,904 crore for the March quarter, beating expectations. April 20, the Rajesh Gopinathan-led company had added over Rs 40,000 crore to its valuation and was just shy of achieving the milestone.

 

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