IT major Tata Consultancy Services (TCS) on Wednesday returned to the elite league of companies with a market capitalistion of over Rs 1 lakh crore (Rs 1 trillion) -- a feat currently shared by only four other Indian companies: ONGC, Reliance Industries, NTPC and Infosys.
TCS attained a market cap of about Rs 100,550 crore (Rs 1.005 trillion) with a surge of 1.71 per cent in its share price to Rs 1,027.50 at the Bombay Stock Exchange.
The stock jumped more than 2 per cent to an intraday high of Rs 1,035 late in the trading session.
The country's largest software exporter had first hit the 1 trillion bracket on April 18, but had failed to sustain at that level.
Currently, TCS is the second IT company after Infosys to enjoy a market cap of over Rs 1 trillion, while Wipro has also previously breached this level.
PSU oil exploration major ONGC leads the pack with a market-cap of over Rs 1.67 lakh crore (Rs 1.67 trillion), followed by corporate behemoth RIL with Rs 1.56 lakh crore (Rs 1.56 trillion), state run power generation major NTPC with market cap of over Rs 1.06 lakh crore (Rs 1.06 trillion) and Infosys with total shareholder wealth of about Rs 1.01 lakh crore (Rs 1.01 trillion).
After corporate behemoth RIL and another IT major Infosys, TCS has become the third private sector company to have gained a market cap of over Rs 1 lakh crore, while other two -- ONGC and NTPC -- are public sector undertakings.
ONGC and RIL had first reached market cap of Rs 1 lakh crore on December 12, 2003 and August 2, 2005, respectively.
Wipro, whose current market-cap stands at about Rs 74,000 crore (Rs 740 billion), is the only company to have attained a market cap of Rs 2 lakh crore (Rs 2 trillion), which was achieved on February 2, 2000.
Based on the intraday share price, Infosys had first breached the Rs 1 lakh crore m-cap mark on August 22 but failed to sustain at that level at the end day's trading session.
However, Infosys managed to close with a market cap of over Rs 1 lakh crore on August 31, joining the ranks with oil exploration major ONGC, corporate behemoth Reliance Industries and power generation major NTPC.
While two majors TCS and Wipro have breached the 1 lakh crore market cap before Infosys, both the companies are currently lagging behind Infosys.
