India’s Top-10 Firms Lose ₹3.09 Lakh Crore in Market Capitalisation; TCS, Infosys Top Losers

The combined market capitalisation of 8 of India’s top-10 most valued companies eroded by ₹3,09,244.57 crore in a holiday-shortened week, as a sharp decline in equities weighed on investor sentiment.

Tata Consultancy Services (TCS) suffered the biggest loss, slipping to the third position in the ranking of India’s most valuable companies.

Stock Market Performance in February 

The bearish trend in the stock market saw the BSE Sensex tumble 2,112.96 points (2.80%) and the NSE Nifty declined 671.2 points (2.94%) over the past week. The fall added to February’s steep losses, where the Nifty shed 1,383.7 points (5.88%) and the Sensex lost 4,302.47 points (5.55%).

TCS Remains the Top Loser

Tata Consultancy Services (TCS) saw its market capitalisation plunge by ₹1,09,211.97 crore, bringing its valuation down to ₹12,60,505.51 crore. This sharp decline caused TCS to lose its second-place ranking among India’s most valuable firms, with HDFC Bank overtaking it.

Infosys, Bharti Airtel Continues to Fall

Several top Indian companies witnessed a sharp decline in market capitalisation amid the recent market downturn. Infosys saw its valuation drop by ₹52,697.93 crore to ₹7,01,002.22 crore, while Bharti Airtel lost ₹39,230.1 crore, bringing its total valuation to ₹8,94,993.67 crore.

Reliance Industries despite remaining India’s most valuable company, saw its market cap decline by ₹38,025.97 crore to ₹16,23,343.45 crore. State Bank of India (SBI) also faced significant losses, with its valuation falling by ₹29,718.99 crore to ₹6,14,236.97 crore.

ICICI Bank‘s market cap dropped by ₹20,775.78 crore to ₹8,49,803.90 crore, while Hindustan Unilever and ITC saw declines of ₹11,700.97 crore and ₹7,882.86 crore, respectively, bringing their valuations to ₹5,14,983.41 crore and ₹4,93,867.57 crore.

HDFC Bank and Bajaj Finance See Gains

While most companies faced losses, HDFC Bank bucked the trend, adding ₹30,258.49 crore to reach a market capitalisation of ₹13,24,411.31 crore, securing its position as the second most valued firm in India. Bajaj Finance also gained ₹9,050.24 crore, taking its valuation to ₹5,29,516.99 crore.

Ranking of India’s Most Valued Companies

Despite the market downturn, Reliance Industries remained India’s most valuable company, followed by HDFC Bank, which overtook Tata Consultancy Services (TCS) for the second spot.

Bharti Airtel secured the fourth position, while ICICI Bank ranked fifth. Infosys, State Bank of India, Bajaj Finance, Hindustan Unilever, and ITC completed the top-10 list.

Conclusion

The recent market downturn led to significant valuation losses for India’s top companies, with TCS suffering the biggest decline. While most firms faced erosion in market cap, HDFC Bank and Bajaj Finance saw gains.

Despite volatility, Reliance Industries retained its position as India’s most valuable company, followed by HDFC Bank and TCS.

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