TCS (Tata Consultancy Services) is now the first Indian company to have a market capitalisation of at least Rs 5 lakh crore. TCS stocks closed 2.21 % higher at Rs 2,586.9, giving it a market cap of Rs 5,06,703 crore. It is followed by ONGC (Rs 3.5 lakh crore) and Reliance Industries (Rs 3.3 lakh crore).
Among Indian IT companies, TCS's market capitalization is more than the combined market capitalization of the next four largest Indian IT companies -- Infosys (Rs 1.90 lakh crore), Wipro (Rs .39 lakh crore) and HCL Tech (Rs 1.07 lakh crore) and Tech Mahindra (Rs 45,000 crore). Earleir, TCS had reported a 45 % jump in its net profit at Rs 5,568 crore and a 22.9 % rise in revenue at Rs 22,111 crore in the first quarter ending June.