India’s largest IT firm, Tata Consultancy Services (TCS), has witnessed a massive ₹53,185.89 crore drop in market valuation within a week. The company’s stock price declined by 2.82% between February 17 to February 21, closing at ₹3,789.90 per share.
Key Takeaways
TCS Market Valuation Decline
- Loss: ₹53,185.89 crore
- Current Market Cap: ₹13.7 lakh crore
- Stock Decline: 2.82%
Overall Market Trends
- Sensex fell by 628.15 points (-0.82%)
- Nifty dropped by 133.35 points (-0.58%)
- 8 out of 10 top companies suffered a combined market cap loss of ₹1.65 lakh crore
Other Major Losses
- Infosys: Lost ₹17,086.61 crore
- Bharti Airtel: Lost ₹44,407.77 crore
- Reliance Industries: Remains India’s most valued company
Why is This Happening?
TCS’s market decline comes amid a general bearish sentiment in the stock market, along with investor concerns over global IT spending. Despite its recent announcement of salary hikes and work policy updates, the company faced the biggest hit among Indian firms.
What’s next for TCS? Will it recover soon, or is the IT sector facing long-term headwinds? Share your thoughts!
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