Tata Consultancy Services' m-cap crosses Rs 6 trillion; shares gain 2.3%

TCS, Reliance Industries only 5% shy of becoming first to reach coveted milestone of $100 billion m-cap

The market value of Tata Consultancy Services (TCS) on Wednesday crossed Rs 6 trillion for the first time. Shares of the company gained 2.3 per cent to Rs 3,175, valuing the company at Rs 6.08 trillion, slightly behind Mukesh Ambani-led Reliance Industries (RIL), which was valued at Rs 6.11 trillion. 

With this, TCS and RIL—the only two companies in Rs 6 trillion market cap club—are in a hot contest to become first Indian company to hit $100 billion market cap. 

As of Wednesday's current rupee-dollar exchange rate, whichever company achieves about Rs 6.4 trillion in market cap will get that