TCS has more than double in market capitalisation of the next biggest IT firm Infosys ($39 billion), and even oil-to-retail conglomerate Reliance Industries, at $88 billion m-cap, has much catching up to do. While TCS shines bright in the Tata empire, the other group firms, including once-heavyweights Tata Motors ($14.48 billion) Tata Steel ($10.26 billion), are far behind. "Since sectors like steel is a cyclical business, it would be difficult for Tata Steel to grow rapidly. On Monday, Reliance Industries followed TCS with a m-cap of $89.11 billion, while HDFC Bank's m-cap stood at $75.46 billion on BSE. "We expect Reliance Industries to reach the $100 billion m-cap sooner, as the company's telecom and retail businesses are expected to yield better returns over the next few years," said Prabhakar of IDBI Capital.

Source: dna April 23, 2018 23:37 UTC