Mumbai, February 15 – The market valuation of Tata Consultancy Services (TCS) fell by ₹90,198.92 crore to ₹9,74,043.43 crore this week, emerging as the biggest laggard among India’s top companies amid a broader bearish trend in equities.
The combined market capitalization of six of the top 10 most valued firms declined by more than ₹3 trillion during the week, as stock markets remained under pressure.
The BSE benchmark index fell by 953.64 points, or 1.14 percent – reflecting weak investor sentiment.
Among the major losers were TCS and Infosys, both of which saw a sharp decline in their valuations.
Infosys’ market capitalization dropped by ₹70,780.23 crore to ₹5,55,287.72 crore. The decline in IT stocks weighed heavily on overall market performance.
Private sector lender HDFC Bank also saw its valuation fall by ₹54,627.71 crore to ₹13,93,621.92 crore.
The market cap of Reliance Industries plunged by ₹41,883 crore to ₹19,21,475.79 crore.
The valuation of Life Insurance Corporation of India declined by ₹23,971.74 crore to ₹5,46,226.80 crore, while Bharti Airtel lost ₹19,244.61 crore in market value, taking its total mcap to ₹11,43,044.03 crore.
However, not all companies ended the week in the red. The market capitalization of State Bank of India jumped sharply by ₹1,22,213.38 crore to ₹11,06,566.44 crore, making it the biggest gainer among the top firms.
The valuation of Bajaj Finance rose by ₹26,414.44 crore to ₹6,37,244.64 crore. Engineering major Larsen & Toubro added ₹14,483.9 crore to reach a market cap of ₹5,74,028.93 crore.
ICICI Bank also saw gains, with its valuation increasing by ₹5,719.95 crore to ₹10,11,978.77 crore.
Despite the weekly decline, Reliance Industries retained its position as the most valued company in India.
It was followed by HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Infosys and Life Insurance Corporation of India in the ranking of the country’s top 10 most valued firms.
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