The market capitalisation of Tata Consultancy Services touched the $100-billion (Rs 6.62-lakh-crore) mark on Monday as its shares continued to rise after the company reported higher-than-expected earnings for the January-March quarter last week.

In earnings released on Thursday, Tata Consultancy Services had reported a 4.5% year-on-year rise in its net profit, to Rs 6,904 crore in January-March.

The company is the first Indian information technology firm to reach the mark, according to BloombergQuint. It had touched the $25-billion mark in 2010 and $75-billion mark in 2014. Reliance Industries Limited was the first Indian company to cross $100 billion in 2007, but its market capitalisation is now $89.36 billion, Mint reported.

Advertisement

At 9.49 am, the market value of Tata Consultancy Services was Rs 6.63 lakh crore, The Economic Times reported.

At 11.25 am, the company’s shares were up 2.7% since Friday’s close, to reach Rs 3,494.95. Its shares have risen almost 10% in the last two trading sessions.