Tuesday, October 3

IT company TCS made history, becomes first Indian company with $ 100 billion


Image: NDTV

IT stocks of TCS rose to nearly 8 % and the market value of the company crossed the 100 billion dollar. TCS, which reached this height, has become the first Indian company. On Friday, the shares of TCS were also seen steady and it reached Rs 3476.75. With this, the market value of the company was Rs 6,64,918 crore. Let’s say that on Friday, the company’s shares saw a bounce of about 7 percent. With this surge, the company’s investors had a profit of about Rs 40,000 crore.

At the same time there is some weakness in the Indian rupee dollar compared to the dollar. On Friday, the price was 66.18 rupees on Monday, compared to 66.12 rupees per dollar.

The Company had the biggest profit in history

Due to all the orders received by the company in the quarter ended March, the company has made the biggest profit till date. TCS had announced profits after the trading ended on Thursday in the market. In the fourth quarter of fiscal year 2017-18, TCS has posted a profit of Rs 6,925 crore, which is 4.6 percent annual and quarterly growth rate of 5.8 percent.

On Friday the market capitalization of Tata Consultancy Services (TCS) is close to $ 100 billion. The company’s stock jumped 6.76 percent. This led to an increase of $ 6.2 billion in market capitalization of the company. This IT sector company had increased on the path of becoming the first listed Indian company to gain market capitalization of $ 100 billion. Today the company has achieved this.

Its market capitalization went up by Rs 41,300.92 crore to Rs 6,52,082.92 crore ($ 98.8 billion) during the strong rally in the company.

On January 24 this year, TCS’s market capitalization crossed over six lakh crore rupees. The company’s share in the Bombay Stock Exchange rose 6.76 percent to Rs 3,406.40 today. During the day’s trading, it rose 7.22 per cent to a high of 52 weeks at a high of Rs 3,421.25. On Friday, the stock of the National Stock Exchange climbed 6.62 percent to close at Rs 3,402.45.

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