This article is more than 3 year old.

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

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
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
NTPC116.45 2.90
Adani Ports708.90 14.55
HUL2,509.05 26.15
ITC205.75 1.20
HDFC Life713.15 3.95
NTPC116.45 2.90
HUL2,508.15 27.40
ITC205.80 1.20
Asian Paints3,056.60 6.95
ONGC120.60 0.25


Rupee-100 Yen0.67490.00470.70