700% rally in 10 years and $100-bn m-cap, but TCS still lags among IT peers

TCS hit record of Rs 3,557 on the NSE in the intra - day deal, pushing market captialisation above the $100 billion mark.

Tata Consultancy Services (TCS) hit a record high of Rs 3,557 on the NSE in intra-day deals on Monday, sending its market-capitalisation (market-cap) above the $100 billion mark. It is the first time ever that an Indian information technology (IT) company has achieved this feat. 

Despite the surge and the fact that TCS is now the most valued Indian company basis its market-cap, the stock still lags its peers in the information technology sector in terms of absolute returns in the past decade. 

With a gain of around 700 per cent since April 23, 2008 (compounded annual growth of around