Tata Consultancy Services became only the second Indian firm after RIL in 2007 to cross $100 bn (around ₹6,60,000 cr) in market capitalisation, in the process accounting for 4.5% of India’s total m-cap of $2.2 tn. TCS’ m-cap hit $103 bn intra-day before ending the day at $98.2 bn. The Mumbai-based company, which listed in 2004, has given annualised returns of 21.2% compared with Accenture’s 13.4%. During the same period, Apple gained 35.5% annually. Investors who bought the TCS scrip during its IPO would have earned a 16-fold return till date compared with a 7.5 times gain in the Sensex.
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