TCS crosses Rs5 lakh crore in market value, tops 4 nearest rivals

TCS, India's most valuable company based on market cap, crossed Rs5 lakh crore in market value on Wednesday, a big achievement considering the tough business environment it's been operating in. It has also found itself a berth among the global top five business software companies. The market value of TCS is more than that of the next four Indian IT companies combined, and exceeds that of the other Tata Group firms put together as well. Sustained growth momentum over the past four years relative to peers is the key factor that has kept the stock buzzing. In addition, a special dividend of Rs40 declared last week has attracted investors.

Posted in: Indian Market