TCS attains Rs 5 lakh crore market-capitalization

Invest the Halal Way!!!

Pragmatic Wealth’s Weekly Newsletter 

Thursday, 4th September 2014.

Tata Consultancy Services (TCS), the country's largest software services exporter, on Wednesday, attained a market valuation of over Rs 5 lakh crore after over a month.

At the end of today's trade, the market-capitalization (m-cap) of TCS soared to Rs 506164.69 crore, the highest for the company since its listing in 2004. Shares of the outsourcing giant ended the day at Rs.2584.15, today below by  0.66% on the BSE.

In dollar terms, TCS' market valuation rose to $84 billion.TCS, the first Indian company to achieve the feat, had earlier crossed Rs 5 lakh crore market capitalizations in July this year.

The IT bellwether is also currently the country's most valued company in terms of market valuation. TCS is followed by state-run ONGC whose m-cap stood at Rs.374388.25 crore, Reliance Industries (Rs 331218.71 crore), ITC (Rs 279295.48 crore) and Coal India (Rs 238790.16 crore). 

The market valuation of other big IT players such as Infosys stood at Rs 212929.64 crore, Wipro (Rs 142280.71 crore), HCL Technologies (Rs 116227.17 crore) and Tech Mahindra (Rs 57916.95 crore). 

Shariah Compliant Status   (IT SECTOR)

Company		Size		Sector	Shariah Rank	Shariah compliant Ratios
						Debt to MC*	Receivables to MC*	Cash to MC*	Interest Income to MC
TCS		Large Cap		Information Technology	01	0%	4%	4%	2%
INFOSYS		Large Cap		Information Technology	04	0%	4%	14%	5%
WIPRO		Large Cap		Information Technology	08	5%	7%	6%	2%
HCL TECHNOLOGIES		Large Cap		Information Technology	11	1%	3%	3%	1%
TECH MAHINDRA		Large Cap		Information Technology	27	4%	4%	1%	0%

    

*MC= Market Capitalization

For Pragmatic Wealth's Daily Newsletter, Click here