It touched a 52-week high of Rs 3,557.00 during the session.
The last Indian company that crossed the $100 billion threshold was Reliance Industries in 2007. TCS's contribution to the Tata Group can be gauged from the fact that excluding IT bellweather, Tata group companies' m-cap is down nearly 6 per cent since the turn of 2018.
On Friday, the IT major's shares rose over seven per cent to Rs 3,419.80 per share, taking its m-cap to over Rs 6.50 lakh crore or around $98 billion - close to the $100 billion mark. Its nearest competitor Reliance Industries Ltd needs to rally 13 per cent to become the most valued firm.
TCS, Tata Consultancy Services the countries largest exporter of the software services, has chose to create history.
Interestingly, TCS' market-cap is about 25 per cent more than the capital invested in the Pakistan Stock Exchange.
The rupee has weakened considerably since then was at Rs 66.16 against the American currency in the morning trade.
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Shares of the Mumbai -based company moved almost 4 percent higher Monday, extending their Friday's surge, making it the first Indian company in a decade to achieve this mark.
"We are indeed delighted and thankful to our employees and customers who have been instrumental in achieving this milestone - what is exciting for us is the whole business 4.0 journey and the great opportunity to be a digital partner of choice to our customers in their growth and transformation journey", Rajesh Gopinathan, CEO and MD, TCS said. "TCS continues to execute dependably for a company of its size", Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS.
The stock hit a new high of Rs 3,499, up 2.7% in intra-day trade, extending its Friday's 6.7% surge, as the company reported better-than-expected March quarter earnings in post market hours on Thursday.
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The company also declared total dividend of Rs 50 per share, including Rs 29 per share final dividend and Rs 21 interim dividend for the fiscal under review (FY 2018), which translates into a record 5,000 per cent per annum. Over the past 5-odd years, TCS' average forward PE multiple stands at 19.3x vs 16x for Infosys, implying an average PE premium of 20 per cent for TCS.
Mumbai-based TCS, which started trading in 2004, is a unit of Tata Group, one of India's oldest companies that now sells cars, power, tea and chemicals through its various subsidiaries.