Sunday, July 18, 2010

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TCS pips Infy as the most valued IT company in India

Country's top software exporter TCS today toppled its main rival Infosys Technologies as the most valued IT company in the country.

Shares of Tata Consultancy Services (TCS) rallied over 6 per cent on the Bombay Stock Exchange, taking its market capitalisation to Rs 1.62 lakh crore, higher by Rs 3,470 crore than Infosys' Rs 1.59 lakh crore valuation.

The Tata Group company TCS is now the fourth most valued company in the country. Billionaire Mukesh Ambani-led Reliance Industries is the most valued firm with market valuation of Rs 3.47 lakh crore as of today, followed by state-run ONGC and NTPC in that order. Infosys is at the fifth place in the top group.

TCS's over 24 per cent rise in April-June quarter profit at Rs 1,906 crore saw it shares surging on BSE. The counter closed up by a whopping 6.16 per cent, the highest among Sensex stocks.

1 comments:

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