TCS becomes a 100 billion dollar company
TCS has been a consistent performer for last few years and is the number one on the list of top companies in India by Market Capitalization.
The company entered in 100 billion dollar club yesterday with its market cap crossing 6.6 lakh crore rupees.
It is also said that total market cap of all listed stocks in Pakistan is less than the total market cap of TCS. [Report]
The prices have gone up from Rs 2800/- just one month back to Rs 3400/- now.
The main reasons for the stock to shoot up are – good earnings, positive forward earnings guidance by the management and thanks to the rupee which crossed Rs 66 against the dollar.