TCS 2nd Indian firm to top Rs 11 lakh crore m-cap

Mumbai: India’s biggest software export firm Tata Consultancy Services (TCS) became the second Indian firm to hit a market capitalisation of Rs 11 lakh crore during intra-day trade on Monday.

TCS’ market capitalisation is more than double its nearest competitor, Infosys. The TCS stock also hit an all-time high of Rs 2949.9 on Monday before closing 0.68 per cent higher at Rs 2,928.2. The stock has rallied 21 per cent in the past three months and 33 per cent over the past one year.

The company which was listed on August 25, 2004 at a market capitalisation of Rs 47,200 crore took two years to reach the Rs 1 lakh crore mark in September 2006, 10 years to reach Rs 5 lakh crore market-cap in July 2014 and 16 years to reach Rs 10 lakh crore on October 5, 2020.