TCS ousts Infy from fourth in m-cap stakes

Tata Consultancy Services' (TCS) on Thursday displaced IT major Infosys Technologies in market cap ladder to clinch fourth position with market cap of Rs 87,760 crore. Infosys Technologies with market cap of Rs 80,199 crore relegated to fifth position.

ONGC remained at the top with market cap of Rs 169,864 crore followed by NTPC at Rs 112,056 crore and Reliance Industries at Rs 107,129 crore.

Bharti Tele-Ventures with market cap of Rs 74,069 crore ranked sixth, Wipro at number seven with market cap of Rs 73,461, ITC at number eight with market cap of Rs 65,245, IndianOil at ninth (Rs 65,058 crore) and Hindustan Lever at 10th (Rs 56,516 crore) The Tata group company's stock, lagging behind Infosys, has also outperformed consistently over the past two months, both in price and volume terms.

TCS share price has risen by 9.48 per cent to Rs 1,830 on BSE between January 10, 2006 and till March 13, 2006, where as Infosys share prices fell by 1.78 per cent to Rs. 2,921.65. The Sensex during this period appreciated by 15.18 per cent.

In terms of volume, TCS on March 16 was 1.5 times than the average volume during the last 2 months while Infosys' volume were lower at 1.18 times. During this period, TCS share prices have also touched an all-time-high of Rs 1,845 on March 13, 2006.