TCS regains Rs 1-lakh crore market capitalisation
The Financial Express — September 21, 2006

IT major Tata Consultancy Services (TCS) on Wednesday returned to the elite league of companies with a market capitalisation of over Rs 1 lakh crore - a feat currently shared by only four other Indian companies including ONGC, Reliance industries, NTPC and Infosys. TCS attained a market cap of about Rs 1,00,550 crore with a surge of 1.71 per cent in its share price to Rs 1,027.50 at the Bombay Stock Exchange. The stock jumped more than 2 per cent to an intraday high of Rs 1,035 late in the trading session.

The country's largest software exporter had first hit Rs 1-lakh crore bracket on April 18, but had failed to sustain at that level. Currently, TCS is the second IT company after Infosys to enjoy a market cap of over Rs 1 lakh crore, while Wipro has also previously breached this level. PSU oil exploration major ONGC leads the pack with a market cap of over Rs 1.67 lakh crore, followed by corporate behemoth RIL with Rs 1.56 lakh crore, state-run power generation major NTPC with market cap of over Rs 1.06 lakh crore and Infosys with total shareholder wealth of about Rs 1.01 lakh crore.

After corporate behemoth RIL and another IT major Infosys, TCS has become the third private sector company to have gained a market cap of over Rs 1 lakh crore, while other two - ONGC and NTPC - are public sector undertakings.