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TCS hits historic $100 bn market cap

Tata Consultancy Services (TCS) on Monday saw its market capitalisation hit a historic $100 billion, becoming the first Indian company to touch this milestone in a decade.
The Mumbai-based company had been eyeing $100 billion market capitalisation mark.
In fact, it would have been $100 billion some time earlier itself, but taking into account the rupee depreciation factor, their journey has been phenomenal.
The company was listed in August 2004 at a market capitalisation of Rs 47,000 crore or $10 billion. In 2006, it reached a market capitalisation of Rs 1 lakh crore, which is almost double over a two year period.
TCS reached a market capitalisation of Rs 3 lakh crore in March 2013, but it took time as it was not a great time for the IT sector. However, from March 2013 to December 2013, Rs 4 lakh crore came very swiftly.
When the IT sector was going through a bear market, the company still managed to do well. On today, TCS reached a market capitialisation of Rs 6.6 lakh crore.
Although the company was listed at 25% discount to Infosys in its market capitalisation, the Bengaluru-based IT company was the bellwether stock. However now, TCS is 2.5 times of Infosys. Of all the index IT companies, TCS market capitalisation is 52% .

Market Movers

CompanyPriceChange%Gain
NTPC116.45 2.90 2.55
Adani Ports708.90 14.55 2.10
HUL2,509.05 26.15 1.05
ITC205.75 1.20 0.59
HDFC Life713.15 3.95 0.56
CompanyPriceChange%Gain
NTPC116.45 2.90 2.55
HUL2,508.15 27.40 1.10
ITC205.80 1.20 0.59
Asian Paints3,056.60 6.95 0.23
ONGC120.60 0.25 0.21
CompanyPriceChange%Gain
NTPC116.45 2.90
Adani Ports708.90 14.55
HUL2,509.05 26.15
ITC205.75 1.20
HDFC Life713.15 3.95
CompanyPriceChange%Gain
NTPC116.45 2.90
HUL2,508.15 27.40
ITC205.80 1.20
Asian Paints3,056.60 6.95
ONGC120.60 0.25

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.12000.26000.35
Euro-Rupee87.89700.01400.02
Pound-Rupee102.2480-0.0770-0.08
Rupee-100 Yen0.67490.00470.70