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23
April 2018
 |
TCS
(The Total Investment & Insurance Solutions)
IT
bellwether Tata Consultancy Services (TCS) on Monday emerged as the first
Indian listed company to cross the USD100-billion mark in terms of market
capitalisation (m-cap). The Total Investment
& Insurance Solutions
Around
11 a.m., the m-cap of the company stood at Rs 675,934.95 crore or $101.60
billion on the BSE. The Total Investment
& Insurance Solutions
Shares
of the company rose over four per cent to a new high of Rs 3,557 per share. The Total Investment & Insurance Solutions
On
Friday, the IT major's shares rose over seven per cent to Rs 3,419.80 per
share, taking its m-cap to over Rs 6.50 lakh crore or around $98 billion --
close to the $100 billion mark. The Total
Investment & Insurance Solutions
The
company's shares had surged a day after its quarterly results announcement,
which reported a net profit for Q4 at Rs 6,925 crore -- up 4.6 per cent -- from
Rs 6,622 crore in the same period in 2017 and up 5.8 per cent sequentially from
Rs 6,545 crore a quarter ago. The Total
Investment & Insurance Solutions
It
also announced 1:1 bonus shares of Re 1 face value to its investors at the end
of fiscal 2017-18.The Total Investment & Insurance
Solutions
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