Tata Consultancy Services hits new high, crosses $200 billion
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TCS, country's largest software exporter crossed the $200 billion milestone in market cap on September 15, marking a new high for the software services provider, as it continues to see robust growth. For the company, the first $100 billion took 50 years and the next $100 billion took 3.5 years.
Its US-based rival, Accenture has a market cap of $216 billion while Reliance Industries Limited (RIL)'s market cap stood at $205 billion.
Early this year, with the market cap of $169 billion, TCS became the largest IT firm by market cap followed by Accenture at $168.4 billion. It also became the most valuable company in January by market cap in India overtaking RIL that month.
As of September 15, the market cap of its Bengaluru-based Infosys' stood at close to $98 billion at the time of closing. TCS' stock corrected to $199.1 billion at the time of closing.
