TCS tops market cap among IT firms

Its third quarter earnings may have failed to meet market expectations, but that did not stop Tata Consultancy Services on Friday from regaining the top position among Indian IT companies in terms of market capitalisation.

TCS shares closed at Rs 1,683.15 pushing the m-cap to Rs 80,791.2 crore (Rs 807.91 billion), while Infosys shares, which fell sharply after a dismal Q3 results, traded at Rs 2,835 pulling down the market cap to Rs 76,545 crore (Rs 765.45 billion).

TCS said its consolidated net rose marginally at Rs 753.08 crore (Rs 7.53 billion) as against Rs 713.13 crore (Rs 7.13 billion) registered during the same period a year ago.