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TCS, India’s biggest block buster

Tata Consultancy Services (TCS) has achieved a market valuation of Rs 4 lakh crore after a month long gap, buoyed by a smart rally in its stock price. Today, it’s the only company with a market capitalisation of over Rs 4 trillion (Rs 4 lakh crore), the highest for the company since its listing in 2004.  It’s only the second company to cross this milestone in the Indian market. In 2007, RIL had raced past that number but has today a little more than a third of its value.

TCS share trading rose by 2.52 per cent in early September to close at Rs 2084.05. The stock traded at its all-time high of Rs 2094. Shares of TCS have risen by nearly 65 per cent so far this year. Large IT companies benefit from a weaker rupee, because these companies earn a major chunk of their revenues in dollars from their US clients.

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