India’s
IT major Tata Consultancy Services (TCS) rose by almost 2% to reach
an all-time high of Rs 3,470 per share, making it India's first 100-billion
dollar company, the first ever in the history of capital markets of India.
TCS
beat its Q-4 result estimate last week. The company has also announced a bonus
share issue in the ration of 1:1. Subsequent
on its announcement of fourth quarter results ending March 2018, its stock
price spiralled, helping it cross Rs 6.66 lakh crore in market Capitalization.
Its share price is presently on the rise crossing Rs. 3,506 per share on National
Stock Exchange.
As
per the RBI’s reference rate of Rs 66.0167 versus US dollar on Friday last
week, TCS achieved a market capitalization of USD 103.08 billion. In
the Indian rupee terms, the company raked in a M-Cap of Rs 6,80,528
crore on BSE based on the all-time high price of Rs 3,551.95.
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