TCS Becomes India's First $100 Billion Company by Market Cap

The shares of Tata Consultancy Services (TCS) rose by almost two percent to reach an all-time high of Rs 3,470 a piece, making it India's first 100 billion dollar company.

The largest software service provider in the company beat its fourth quarter result estimate last week. It has also announced a 1:1 bonus share issue.

After its announcement of results for the 4th quarter ending March 2018 results on the 19th of April, its stock price rose, helping it cross Rs 6.66 lakh crore in market value. Its share price is currently on the rise crossing Rs 3,506 a piece on NSE. Check the recent price here.

The company gained a 27 percent increase in its value this year compared to the S&P BSE Sensex Index's rise of 1.1 percent.