Tata Consultancy Services (TCS) on Monday became the first Indian company to breach market capitalisation (m-cap) of $100 billion. However, this is not the first or only claim to fame that the company can boast of. Here is a list of TCS's achievements:
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. TCS went past the $100 billion m-cap milestone after the company's scrips gained more than 4 per cent to hit an all-time of Rs 3,557. Last week, when the markets closed on Friday, the company was at the verge of the milestone as the m-cap stood at slightly above $99 billion. TCS stock had surged more than 6 per cent on Friday. The rise in the TCS scrip's fortune came after the it posted a rise of 4.5 per cent in its Q4 net profit. In the January-March quarter, the company reported a net profit of £692.5 million, up 4.57 per cent against £662.2 million posted in the same quarter last year. On top of that, the company announced a 1:1 bonus for its shareholders.