MAJOR boost for Ratan Tata's TCS amid Tata Group power tussle as it earns Rs 456783500000 in just 5 days due to...
TCS market cap jumped to Rs 10,95,701.62 crore, providing a major boost to the IT giant amid the ongoing power tussle within the Tata Group.
(File)
TCS market cap: In a major boost for Tata Consultancy Services (TCS) amid the power tussle unraveling within the Tata Group, the IT giant added a whopping Rs 45,678.35 crore to its market valuation last week, which now rests at Rs 10,95,701.62 crore.
TCS emerges biggest gainer amid Tata Group power tussle
TCS--India's largest IT services exporter, emerged as the biggest gainer, as the combined market cap (mcap) of eight of country's top-10 most valued firms surged by Rs 1,94,148.73 crore, in line with an optimistic trend at the Dalal Street.
TCS' strong showing at the stock market comes amid the ongoing power tussle within Tata Trusts-- the majority shareholder of Tata Group's holding company, Tata Sons-- which has essentially divided the salt-to-semiconductor conglomerate into two opposing camps.
According to reports, the current power tussle within the Tata Group stems from board appointments, access to information, and Tata Sons' long-delayed listing plans, which has resulted in a purported dispute between the trustees. A key meeting of the Tata Sons' board is scheduled to be held on October 10, 2025. (Friday).
Which firms gained how much last week?
According to market data, Reliance Industries, HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance and Infosys emerged as gainers during the last trade week, while Hindustan Unilever and Life Insurance Corporation of India (LIC) were the only laggards among India's top-10 most valued firms.
The market capitalisation (mcap) of TCS stood at Rs 10,95,701.62 crore, an increase of Rs 45,678.35 crore, while the valuation of Infosys jumped Rs 28,125.29 crore to Rs 6,29,080.22 crore and that of HDFC Bank surged Rs 25,135.62 crore to Rs 15,07,025.19 crore.
The mcap of Mukesh Ambani-led Reliance Industries climbed Rs 25,035.08 crore to Rs 18,70,120.06 crore, Bajaj Finance added Rs 21,187.56 crore to its valuation, which jumped to Rs 6,36,995.74 crore and the market value of State Bank of India edged higher by Rs 12,645.94 crore to Rs 8,12,986.64 crore.
The market cap of ICICI Bank jumped Rs 11,251.62 crore to Rs 9,86,367.47 crore, however, LIC and Hindustan Unilever were the only laggards among the top-1o pack, losing Rs 4,648.88 crore and Rs 3,571.37 crore, respectively. The mcap of LIC stood at Rs 5,67,858.29 crore, and that of Hindustan Unilever declined to 5,94,235.13 crore, the data showed.
Meanwhile, Mukesh Ambani's Reliance Industries retained its coveted title of India's most-valued firm, followed by HDFC Bank, Bharti Airtel, TCS, ICICI Bank, State Bank of India, Bajaj Finance, Infosys, Hindustan Unilever and LIC.
(With PTI inputs)
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