(MENAFN- Khaleej Times) IT bellwether Tata Consultancy Services (TCS) on Monday emerged as the first Indian listed company to cross the $100-billion mark in terms of market capitalisation (m-cap).
Around 11am, the m-cap of the company stood at Rs 675,934.95 crore or $101.60 billion on the BSE.
Shares of the company rose over four per cent to a new high of Rs 3,557 per share.
On Friday, the IT major's shares rose over seven per cent to Rs 3,419.80 per share, taking its m-cap to over Rs 6.50 lakh crore or around $98 billion - close to the $100 billion mark.
The company's shares had surged a day after its quarterly results announcement, which reported a net profit for Q4 at Rs 6,925 crore -- up 4.6 per cent -- from Rs 6,622 crore in the same period in 2017 and up 5.8 per cent sequentially from Rs 6,545 crore a quarter ago.
It also announced 1:1 bonus shares of Re 1 face value to its investors at the end of fiscal 2017-18.
MENAFN2504201800490000ID1096769282
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.