Mumbai: Tata Consultation Services (TCS), the second most valuable company in India and the largest in Tata Group, on Wednesday became the second domestic company to cross the market capitalization sign of $ 200 billion.
Exactly a year ago, Reliance Industries (RIL) is the first Indian company that crosses the history milestone and currently reaches $ 215 billion.
On Wednesday’s market, TCS crossed the mark in the middle of the session and closed only a little with a market value of $ 199.1 billion, official data showed.
When TCS was listed in August 2004, he had a MCAP of around $ 10 billion.
It crossed the market value of $ 50 billion in December 2010, $ 100 billion in April 2018 and $ 150 billion in December 2020.
In the global league table of the most valuable software service company, TCS is now behind Accenture, which has a market value of $ 218 .
billion but before IBM ($ 123 billion).
Among Indian friends, Infosys has a market value of $ 97 billion and Wipro $ 50 billion.
During the day, the rally at TCS, which closed 1.8% higher, along with strong purchases in Infosys, Bharti Airtel and Icici Bank, raised Sensex to the close of 58,723 points, up 0.8%, or 476 points.
In NSE too, the Nifty index closed at a new level of 17,519 points.
The day’s rally also took a total of total investors for the highest record with BSE market capitalization now at Rs 262.1 Lakh Crore, up from Rs 260 Lakh Crore on Tuesday.