At 10.30 am, the market value of the company stood at Rs 6,79,332.81 crore ( $102.6 billion).
India's most valued company in terms of market capitalisation, created history on Monday when its market cap surpassed the crucial Dollars 100 billion (~Rs 6.60 lakh crore) mark.
Shares of the company on Monday opened at Rs 3,429, rising 4.39 per cent to touch an intra-day high of Rs 3,557 on BSE.
While reiterating its Buy rating on TCS and raising target price to Rs 3,700 per share (from Rs 3,250 earlier), global brokerage house CLSA said Q4 revenue beat estimates sharply, hence it upgraded FY19-20 revenue & EPS estimates by 1 percent. On the other hand, the rupee fell to 66.18 against the dollar today, as compared to Friday's close of 66.12. TCS has been in favour with the street pundits after it posted more than expected earnings on Thursday previous week.
The Rajesh Gopinath-led company reported a consolidated net profit of Rs 6,904 crore, 5.7 percent higher than the December quarter figure, while revenue increased 3.8 percent on quarter to Rs 32,075 crore.
Revenue growth came at 8.2 per cent (YoY).
Most brokerages have turned bullish on TCS post March quarter results and see target up to Rs 4000.
"With robust deal wins and green-shoots in BFSI, there is definite possibility of double-digit revenue growth. With growth acceleration, scale up in digital and support from currency, margins are ready for uptick as well, implying return of double-digit revenue/earnings growth after 3 years", Edelweiss Research said in a note. The company also announced a 1:1 bonus and a Rs 29 final dividend that improved sentiment among investors.
"Justifying current valuation requires baking in United States dollars 2.1 billion of incremental revenue in FY19 and justifying current valuation requires 11 percent CAGR over the next 7 years", it said. "Bonus share (1:1) and 80-100% FCF distribution is the icing on the cake", said the brokerage.