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Wednesday, July 23, 2014

TCS's market capitalisation crossed a record Rs. 5 lakh crore Wednesday July 23,2014


Tata Consultancy Services(TCS) shares hit their all-time high on Wednesday July 23,2014 following which the IT major's market capitalisation crossed a record Rs. 5 lakh crore.

TCS is the first Indian company to achieve a market cap of Rs. 5 trillion.

 TCS' nearest rival in terms of market cap is state-run ONGC (Rs. 3.5 lakh crore). Reliance Industries, India's biggest company by sales, ranks third by market cap (Rs. 3.3 lakh crore) currently.

Among IT companies, TCS' market cap is more than the combined market cap of its nearest three rivals -- Infosys (Rs. 1.90 lakh crore), Wipro (Rs. 1.39 lakh crore) and HCL Tech (Rs. 1.07 lakh crore).

Note
Market cap is the value of a company's outstanding shares and is used to determine a company's size.
That is,No of Shares x Market Price of the Share

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