With regards to market capitalization in the IT pack, Tata Consultancy Services (TCS) has become the very 1st Indian company to cross $100 bn. The company has reported March’s quarter earnings which has turned out to much better than was expected. The company has announced 1:1 bonus shares for every investors for each share held. The company has crossed $103 bn due to the 11% rise of TCS’s scrip in the last two days.
In terms of capitalization, TCS is ahead of HDFC Bank, Reliance Industries, ITC, HDFC, Maruti Suzuki, Hindustan Unilever, and Infosys. However, despite the gain of 700% from 2008 and a CAGR of 26%, TCS is still lagging behind HCL Technologies and MindTree, which have gained 710 and 739 % respectively in the last decade.
Tata Elxi, which is yet another Tata group company which is at top for gaining the highest decadal returns of over 1100% in the last decade, is among the world’s leading providers of technology and design services for product engineering solutions in communication, broadcast, and automotive industries.