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India.com
26 minutes ago
- India.com
Bad news for Ratan Tata's TCS after massive layoffs, IT giant loses Rs 5.66 lakh crore due to..., worst phase for company since...
TCS is undergoing its worst crisis since the 2008 recession. (File) TCS market cap: Amidst the backdrop of the controversy surrounding its decision to cut more than 12,000 jobs in the current fiscal year, Tata Consultancy Services (TCS), India's largest IT services exporter, has witnessed a rout of its market cap, which slumped from Rs 16.57 lakh crore to Rs 10.93 lakh crore, a decrease of Rs 5.66 lakh crore. According to market analysts, TCS, the flagship company of the Tata Group, is going through it worst crisis since the 2008 recession, when it shares had fallen by 55 percent. TCS share prices have dipped 25 percent in 2025, and experts predict the current financial could be the worst in company's history if the downfall continues. Why TCS shares are falling? According to analysts, India's stock market has witnessed a turmoil over the past few months as foreign investors are withdrawing from the market in droves amid US President Donald Trump unleashing tariff war against India, and recently announcing 50% import duty on Indian exports. The IT industry, once considered a favorite for FIIs, is now witnessing a decline, with foreign investors reducing their stake in TCS from 12.35% in June 2024 to 11.48% in June 2025, which has resulted in the company's shares falling by over 25 percent in the current financial year. The Nifty IT index has fallen 25% so far this year, making it the worst-performing sector in the market as over half of the Rs 95,600 crore withdrawn from India by FIIs till July 2025 has come from IT stocks alone. Why mutual funds investment increased? Meanwhile, domestic mutual funds have raised their stake in TCS from 4.25% to 5.13%, making fresh purchases worth Rs 400 crore in the company, according to data. TCS' trailing PE declined from 41x to 20x, five-year CAGR stands at 8.5%, while stock CAGR is 6%, the data showed. Notably, India's IT sector has grown at a compounded annual rate of 12.5% over the last two decades, but has underperformed the Nifty over the last three to five years. TCS layoffs According to recent media reports, TCS is mulling to cut about 2 percent of its global workforce, which would result in over 12,000 TCS workers losing their jobs in the current financial year. The company's decision is being investigated, with Jefferies warning that TCS layoffs could result in a slowdown in execution in the near term and an increase in the workforce in the long term.
Time of India
6 hours ago
- Time of India
Top 10 firms' m-cap: 5 of top-10 companies add Rs 60,676 crore in value, SBI and HDFC Bank lead gains
Five of the country's 10 most valued companies added Rs 60,675.94 crore to their market capitalisation last week, with State Bank of India (SBI) and HDFC Bank emerging as the biggest winners in line with the positive momentum in equities. In the holiday-shortened week, the Sensex gained 739.87 points or 0.92 per cent, while the Nifty advanced 268 points or 1.10 per cent, PTI reported. Among the top-10 pack, Reliance Industries , HDFC Bank, Bharti Airtel, SBI and Infosys recorded valuation gains, while Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, Life Insurance Corporation of India (LIC) and Bajaj Finance witnessed erosion. SBI saw the sharpest jump, with its market capitalisation rising Rs 20,445.82 crore to Rs 7,63,095.16 crore. HDFC Bank's valuation climbed Rs 14,083.51 crore to Rs 15,28,387.09 crore. Infosys added Rs 9,887.17 crore to reach Rs 6,01,310.19 crore, Bharti Airtel advanced Rs 8,410.6 crore to Rs 10,68,260.92 crore, and Reliance Industries rose Rs 7,848.84 crore to Rs 18,59,023.43 crore. On the losing side, LIC's valuation fell by Rs 15,306.5 crore to Rs 5,61,881.17 crore, followed by Bajaj Finance, which slipped Rs 9,601.08 crore to Rs 5,35,547.44 crore. ICICI Bank's market value dropped Rs 6,513.34 crore to Rs 10,18,982.35 crore, TCS fell Rs 4,558.79 crore to Rs 10,93,349.87 crore, and Hindustan Unilever dipped Rs 3,630.12 crore to Rs 5,83,391.76 crore. Reliance Industries remained the most valued firm by market cap, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC and Bajaj Finance. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .
Mint
7 hours ago
- Mint
Mcap of 5 of top 10 most valued firms surge by ₹60,676 crore; SBI, HDFC Bank biggest gainers
The combined market capitalisation of five of the country's top-10 most valued companies rose by ₹ 60,675.94 crore last week, with State Bank of India (SBI) and HDFC Bank leading the gains, supported by an overall positive sentiment in equities. In the holiday-shortened week, the Sensex advanced 739.87 points (0.92%), while the Nifty gained 268 points (1.10%). Among the top-10 firms, Reliance Industries, HDFC Bank, Bharti Airtel, SBI, and Infosys recorded an increase in valuation. In contrast, TCS, ICICI Bank, Hindustan Unilever, LIC, and Bajaj Finance saw their market capitalisation decline. SBI's valuation jumped the most, rising by ₹ 20,445.82 crore to ₹ 7,63,095.16 crore, followed by HDFC Bank, which added ₹ 14,083.51 crore to reach ₹ 15,28,387.09 crore. Infosys gained ₹ 9,887.17 crore, taking its valuation to ₹ 6,01,310.19 crore. Bharti Airtel's mcap climbed ₹ 8,410.6 crore to ₹ 10,68,260.92 crore, while Reliance Industries increased ₹ 7,848.84 crore to ₹ 18,59,023.43 crore. On the other hand, LIC's valuation fell the most by ₹ 15,306.5 crore to ₹ 5,61,881.17 crore. Bajaj Finance shed ₹ 9,601.08 crore to ₹ 5,35,547.44 crore, ICICI Bank dropped ₹ 6,513.34 crore to ₹ 10,18,982.35 crore, TCS slipped ₹ 4,558.79 crore to ₹ 10,93,349.87 crore, and Hindustan Unilever dipped ₹ 3,630.12 crore to ₹ 5,83,391.76 crore. Despite the mixed trend, Reliance Industries remained the most valued company, followed by HDFC Bank, TCS, Bharti Airtel, ICICI Bank, SBI, Infosys, Hindustan Unilever, LIC, and Bajaj Finance.
