The Tata Group-owned IT company Tata Consultancy Services’ (TCS) market valuation on Bombay Stock Exchange soared more than $170 billion on Monday, holding the position of the world’s most valuable IT company for a short period. The company beat various U.S. based multinational IT company such as Accenture, which has a $168 billion market cap on New York Stock Exchange (NYSE)
This is not the first time TCS company beats its compeititors. Previously, in April 2018, TCS touched the valuation of more than US$ 100 Billion and surpass the Accenture’s pinnacle position the market
This is not the first time that the company has raced ahead of its competitors. In April 2018, TCS reached the $100 billion valuation mark and overtook Accenture’s pinnacle position in the market.