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Cheers for TCS: IT firm's market cap goes beyond $100 billion mark, 5 points

TCS posted a 4.4 per cent growth in net profit at Rs 6,904 crore, while its revenue was up 8.2 per cent to Rs 32,075 crore in the March 2018 quarter. For the full fiscal, its revenue

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Beating the analysts' expectation, Tata Consultancy Services has achieved a record market capatalization. For the first time ever, Tata Consultancy Services has surpassed the gigantic $100 billion mark on Monday. The rally in TCS shares came after the firm had posted revenues for March quarter which were surpassing the estimates. 

TCS posted a 4.4 per cent growth in net profit at Rs 6,904 crore, while its revenue was up 8.2 per cent to Rs 32,075 crore in the March 2018 quarter. For the full fiscal, its revenue rose 4.3 per cent to Rs 1.23 lakh crore.

Until Thursday, led by the smart rally in the stock, the company's market cap moved up by Rs 41,300.92 crore to Rs 6,52,082.92 crore (USD 98.8 billion). 

Below we have listed the five major points related to the company's mammoth Rs 6,60,000 crore jump. 

1. The IT major, TCS with the latest achievement has become the the first listed Indian company to achieve the $100 billion mark. 


2. 10 most-valued Indian companies surged Rs 91,152.73 crore last week, led by a sharp rally in the m-cap of TCS.

While Tata Consultancy Services (TCS), HDFC Bank, ITC, HUL, Infosys and Kotak Mahindra Bank were on the biggest gainers, Reliance Industries (RIL), HDFC, Maruti Suzuki India and ONGC suffered losses in their market capitalisation (m-cap).

3. Till Sunday, the m-cap of IT major TCS soared Rs 48,890.9 crore to Rs 6,52,082.92 crore, becoming the biggest gainer among the 10 most-valued firms.

4. In the ranking of top 10 firms, TCS stood at the top position, followed by RIL, HDFC Bank, ITC, HUL, HDFC, Maruti, Infosys, ONGC and Kotak Mahindra Bank.

5. Stating that fiscal 2017-18 has been a "sobering year" on slower revenue growth, the nation's largest software exporter TCS yesterday reported a 4.4 per cent rise in March quarter net profit at Rs 6,904 crore.The Tata group flagship, which contributes around 85 per cent of the group's profit, reported a revenue growth of 8.2 per cent at Rs 32,075 crore for the three months to March. In dollar terms, the company had its highest revenue growth in 14 quarters at 11.7 per cent.

TCS also announced a 1:1 bonus of shares and a dividend of Rs 29 a share, taking the total payout to shareholders at Rs 50 for the year. It has given out close to Rs 26,000 crore to the shareholders in dividends and bonuses in the year.

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