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TCS Creates History! Market Cap Surpasses $100 Billion For The First Time

Tata Consultancy Services (TCS), India’s most valued company in terms of Market capitalisation, created history on Monday when its Market Cap surpassed the crucial USD 100 billion (~Rs 6.60 lakh crore) mark.

TCS has also overtook Accenture’s Market Capitalisation, which was at USD 98 billion. TCS’ market cap is more than that of all other IT index companies put together.

The information technology major became a USD 25 billion company back in 2010 and has never looked back since. It quickly crossed the USD 50 billion mark in 2013, followed by the USD 75 billion mark in 2014.

The rally in TCS’ stock price gained momentum after India’s largest IT exporter last week reported its earnings for the quarter ended March, which were ahead of consensus estimates.
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This post first appeared on After Italy Verdict Gold Trades Higher On Safe-haven Demands; Silver Down, please read the originial post: here

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TCS Creates History! Market Cap Surpasses $100 Billion For The First Time

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