TCS regains Rs 5 lakh cr market cap

In dollar terms, its m-cap rose to $76 billion

Tata Consultancy Services (TCS), the country's largest software services exporter, has regained a market valuation of over Rs 5 lakh crore.

The IT giant had attained a market capitalisation of over Rs 5 lakh crore in July 2014, becoming the only company in Indian markets to reach this milestone.

At the close of trade today, TCS's market capitalisation (m-cap) stood at Rs 505,818.70 crore. In dollar terms, its m-cap rose to $76 billion.

Whereas, the combined market valuation of as many as eight listed Tata group companies other than TCS stands at Rs 227,869.13 crore.

Shares of the IT bellwether rose by 1.96 per cent to settle at Rs 2,567.05 on BSE. During the day, it gained 2 per cent to Rs 2,570.

TCS is also currently the country's most valued company in terms of market valuation.

The IT major is followed by RIL (Rs 321,227.56 crore), HDFC Bank (Rs 290,836.62 crore), Infosys (Rs 277,976.24 crore) and ITC (Rs 256,705.90 crore).

The m-cap of other big IT players such as Wipro stood at Rs 133,937.37 crore while that of HCL Technologies was at Rs 100,989.05 crore.

TCS last month reported a higher-than-expected 72.7 per cent growth in the March quarter net profit at Rs 6,413 crore and guided towards a stronger 2016-17 fiscal.

Since the company's result announcement, the stock has gained nearly 2 per cent.

The m-cap figure changes daily with the change in the stock price.

Photograph: Shailesh Andrade/Reuters