Ad Here  
TVS bullish on the two wheeler market? While MoTown is on a tailspin, the telecom sector is staging a rally Lanco to sell Australian acquisition Automobile sector in slump... Renault revving up small car launch Vodafone slapped with tax notice of Rs 3700 crore Infosys not to cut prices Trends point to a hung assembly Singapore Airlines prefers Airbus TCS, Indiaís biggest block buster Carlyle invests in Trehanís Medanta Medical Centre Jet-Etihad Rs 2000 plus crore deal to be cleared Hunt for new finance secretary on... Excise duty may halt the war in SUV market Flipkart India in the red by Rs 280 crore Latin America beckons India for investments Fox Star Studios to tie-up with Bolly-wood and Kollywood Airlines hit by service tax on lease German envoy Steiner caps a language row ONGC to draw down on reserves to meet CAPEX needs GMR to raise US $ 250 mn thru QIP Hyundai Grand i10 awaiting launch How important is Modiís German visit... Smartphone prices may change Urja Sangam in Delhi LANCO opens negotiations with buyers for Karnataka power plant Capital Notes Wal-Mart studying FDI norms post split with Bharti Plans to double trade with Latin America SpiceJet in the news again Canada screams over IT outsourcing to India Vodafone to buy out minority shareholders Aircraft lessors to get protection from defaulting airlines Kolkata kisses goodbye to Ambi?
TCS, Indiaís biggest block buster

Tata Consultancy Services (TCS) has achieved a market valuation of Rs 4 lakh crore after a month long gap, buoyed by a smart rally in its stock price. Today, it’s the only company with a market capitalisation of over Rs 4 trillion (Rs 4 lakh crore), the highest for the company since its listing in 2004.  It’s only the second company to cross this milestone in the Indian market. In 2007, RIL had raced past that number but has today a little more than a third of its value.

TCS share trading rose by 2.52 per cent in early September to close at Rs 2084.05. The stock traded at its all-time high of Rs 2094. Shares of TCS have risen by nearly 65 per cent so far this year. Large IT companies benefit from a weaker rupee, because these companies earn a major chunk of their revenues in dollars from their US clients.

Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236