Tata Consultancy Services (TCS), the Tata Group’s flagship IT company and India’s largest software services exporter, witnessed a sharp jump in its market valuation last week. The company added Rs 35,909.52 crore to its market cap in just five days, marking one of the strongest market performances among India’s top-valued firms.
The rise came during a mixed week for the stock market, where five of India’s top-10 most valued companies gained, even as several others saw erosion in their valuations.
TCS Leads the Pack
As per market data, the market capitalisation of TCS climbed to Rs 11,71,862.37 crore, reflecting strong investor confidence. The company’s steady contract wins, stable financial outlook, and a broader rally in IT stocks contributed to the surge.
Infosys another major player in the sector also saw a healthy increase. The Narayana Murthy-founded IT giant added Rs 23,404.55 crore, taking its valuation to Rs 6,71,366.53 crore. Together, the two companies accounted for a major portion of last week’s overall gains in the IT sector.
Bajaj Finance, Bharti Airtel and ICICI Bank were among the other big movers. Bajaj Finance jumped Rs 6,720.28 crore to touch Rs 6,52,396.39 crore. Bharti Airtel added Rs 3,791.9 crore, while ICICI Bank’s valuation rose Rs 2,458.49 crore.
Reliance, HDFC Bank Among Major Losers
While some companies rallied, others struggled. The biggest fall was recorded by Reliance Industries, which saw its market cap drop Rs 35,116.76 crore, bringing it down to Rs 20,85,218.71 crore. LIC also saw a sharp decline of Rs 15,559.49 crore, falling to Rs 5,50,021.80 crore.
SBI, HDFC Bank and Larsen & Toubro were also on the losing side, shedding between Rs 4,000 crore to over Rs 7,500 crore in valuation. Despite the slip, these firms remain among the most influential players in the Indian market.
Reliance Still India’s Most Valued Company
Even with last week’s dip, Reliance Industries continues to hold its title as India’s most valued company. It is followed by HDFC Bank, Bharti Airtel, TCS, and ICICI Bank.
Mukesh Ambani also remains the richest individual in India and Asia with a net worth of $111 billion, according to the latest Forbes real-time billionaire rankings.
The market’s contrasting performance highlights the shifting investor sentiment across sectors but for TCS, the week clearly brought a major boost.
