India’s Pride TCS Is Now Country’s First Company That Is Worth $100 Billion In Market

Tata Consultancy Services (TCS), the country’s largest IT outsourcing company created history on Monday by becoming the first Indian company to reach the $100 billion market capitalisation (m-cap) mark. The shares of the IT behemoth were trading 4 per cent above previous closing mark at Rs 3,545 on the BSE at 10.30 am, thus hitting an all-time high.

By definition, market capitalisation is the value of a company that is traded on the stock market, calculated by multiplying the total number of shares by the present share price.

At 10.30 am, the market value of the company stood at Rs 6,79,332.81 crore ( $102.6 billion).

reuters/representational image

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