your password has been reset successfully, Please login again.

TCS to be the first Indian company to cross Rs. 7 lakh crore market valuation

Company shares have gained nearly 35% this year
BY BEx Bureau
BusinessEx
May 28, 2018

Software services company, Tata Consultancy Services (TCS) on Friday became the first Indian company to achieve a market valuationof Rs 7 lakh crore in intraday trades. But it closed the session that marked at Rs 6.9 lakh crore.

In this month a few days back, TCS become the first Indian company to reach $100-billion market cap mark. The flagship from the Tata Group remains the only Indian company to achieve these two landmarks. Its stock price has gained about 33% compared to a 20% rise in the BSE's IT index and a 2.6% gain in the Sensex. The IT giant has been mainly uplifted by strong results and also because of the weakness of the Indian currency. The depreciation of the rupee directly translates into higher revenues for the exporters.

In terms of market cap, TCS is followed by Reliance Industries with Rs 5.8 lakh crore, HDFC with Rs. 5.2 crore, HUL with Rs. 3.4 lakh crore and ITC with Rs. 3.3 lakh crore.

Please add your Comment
SIMILAR News
January 22, 2019
USB Q4 pre-tax profit leaps down by $1.038 billion; the bank envisions a slowdown in the further cou ...More
By Jaspreet Kaur
January 21, 2019
Kotak Mahindra earned profit-after-tax INR 1,291 crore in December quarter. ...More
By Jaspreet Kaur
January 21, 2019
BMW X4 launched by Germany automobile maker on Monday. ...More
By Jaspreet Kaur
January 19, 2019
RedSeer FoodTech Leadership Index claims Swiggy to top on the customer satisfaction list. ...More
By Jaspreet Kaur
January 18, 2019
South Korean Carmaker, Hyundai gets the investment approval from Tamil Nadu’s government. ...More
By Jaspreet Kaur
January 18, 2019
FirstCry receives investment from Softbank worth $ 400 million. ...More
By Jaspreet Kaur
January 16, 2019
Commerce and Industry Ministry has exempted taxes on startups, who actively looking for angel invest ...More
By Jaspreet Kaur
January 16, 2019
Commerce and Industry Ministry has exempted taxes on startups, who actively looking for angel invest ...More
By Jaspreet Kaur
January 15, 2019
Bharti Airtel is in preliminary talks to procure Telkom Kenya. ...More
By Jaspreet Kaur
January 14, 2019
Ananth Narayanan resigns from CEO post owing to the new restructure. ...More
By Jaspreet Kaur
January 14, 2019
Sachin Bansal acquired shares in Ola worth $21 million. ...More
By Jaspreet Kaur
January 10, 2019
DBS, Singapore banking group informs that the country has fallen short to attain the decided annual ...More
By Jaspreet Kaur