TCS becomes first listed Indian IT firm to hit $100 billion market capitalisation
Tata Consultancy Services (TCS) has created history by becoming the first listed Indian IT company to hit the $100 billion market capitalisation (m-cap) mark. On April 23, 2018, the market value of the company stood at Rs 6.53 lakh crore. TCS breached the Rs 3,500 ($52.87) per share mark for the first time, reaching $100 billion in market capitalisation. By definition, market capitalisation is the value of a company that is traded on the stock market, calculated by multiplying the total number of shares by the present share price.