TCS, Tata Consultancy Services the countries largest exporter of the software services, has decided to create history.
It has become the first Indian listed company and has created history by crossing the crucial 100 billion markets on the BSE exchange on the intraday trade.
What is market capitalization?
Market Capitalization is the valuation of a company which is traded on the stock market and which is calculated by multiplying the number of shares.
TCS also reached a mark of a 100 million capitalization figures. It has also overtaken Accenture to become the highest ever company in Market capitalization. The share of the company opened to 3429 and crossed the intra-day all-time high. It gained a huge amount on both the indices that is the BSE and the NSE.
It also expected a sharp rise in the March quarter with a net profit of 6904 crore.
Why there is a possibility of a double digital growth?
Advancements in banking
All these factors contribute to a double-digit growth.
Also due to all these reasons the markets are ready for an uptick and will also be responsible for the same.
There will also be a revenue of a double-digit growth and the support from the currency margins are also related to the same.
The latest rise in the market earnings has also raised the stock market shares, wherein the company also reported a rise in the sequential growth.
The TCS market valuation has surpassed around the 6-crore mark and overall TCS has performed exceptionally well in the numbers. It is also one of the most valued firms followed by Reliance industries. Then comes HDFC Bank, ITC, HUL in the top five list.