TCS First Indian Company To Cross Rs 5 Lakh Crore Mark In Market Capitalisation
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The company’s market valuation reached Rs 5,03,148 crore (about $84 billion). It is the highest since its listing l0 years ago.
The software services firm's record market capitalisation is bigger than the combined market cap of the other four domestic IT players in the pecking order like Infosys ($31.7 billion), Wipro ($23.3 billion),
Also, TCS’s market cap is much bigger than the combined market cap of the other 31-listed
Looking at the market value, shares of TCS have risen nearly 9% since the company announced robust first quarter FY 2015 earnings last. Several analysts believe FY15 will be eventful for TCS as its global customers increase spending on IT services. Also, the $13-billion IT firm won seven large deals in Q1 FY15.
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(Image: The Times of India)
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