Top Companies In India By Market Cap: TCS At A Whopping Rs. 7,32,521 Crore

Must Read

Will Google’s Move To Delete 2,500 YouTube Channels Add Fuel To The Fire With China?

The US-China trade war has started rearing its ugly head. Both sides are now turning to extreme...

Cloud Computing is Redefining the Education Industry!

Today, the benefits of cloud computing are being recognized in educational industries around the world. Most of...

Can CBD Gummies Be Beneficial For College Students?

College students often feel more pressure than they have ever—or will ever—feel in their entire lives. Many...

Good news incoming for Indian Commerce! Eight out of the 10 most valued companies have added yet another success story. Key-note account, to be extolled about is the addition of a whopping Rs 66,625.6 crore as an aggregated market cap last week.

ReportedlyIT major Tata Consultancy Services (TCS) emerged as the biggest gainer. Along with TCS retaining its top-flight position, RIL (Reliance Industries Limited), HDFC Bank, HUL, ITC, HDFC, Maruti, Infosys, Kotak Mahindra Bank and SBI trail it, during the weekend.

Last week, the Sensex saw a rise to 234.38 points, accounted to be 0.66 per cent.

Advertisements

Top Companies In India by Market Cap

The market valuation of Tata Consultancy Services (TCS) soared by Rs 25,306.88 crore to reach Rs 7,32,521.29 crore. To add up to the profit-book, one may take off the hat to Maruti Suzuki’s valuation, which surged up from Rs 14,608.59 crore to Rs 2,81,079.45 crore and that of Hindustan Unilever Ltd (HUL) jumped Rs 8,030.79 crore to Rs 3,63,431.19 crore.

The market cap of ITC advanced by Rs 7,627.68 crore to reach Rs 3,32,322.95 crore and that of Kotak Mahindra Bank witnessed a rise from Rs 5,510.83 crore to Rs 2,61,263.97 crore.

RIL’s and HDFC saw a significant upsurge to reach Rs 6,18,749.36 crore Rs 3,22,542.15 crore respectively. In addition to this, HDFC Bank also went up by Rs 1,562.49 crore to Rs 5,50,531.99 crore.

However, on a close contrary two out of the ten companies saw a decline. Infosys witnessed a downfall of Rs 4,859.69 crore at Rs 2,80,551.12 crore, while SBI too incurred a loss of Rs 1,651.04 crore to Rs 2,29,763.51 crore.

TCS Emerges As A Leader!

Tata Consultancy Services Ltd. is perhaps, basking in the afterglow of emerging as the top-honcho in the market! Interestingly, TCS recently became the first Indian company to breach the market cap of $100 Billion.

Advertisements

But this success-saga, vividly complying with its story, is no chance occurrence.

TCS strengths lie in its extensive knowledge of customer’s IT systems. TCS offers a full-fledged suite of services and above all, complies with GDPR.

To juxtapose TCS and other companies, one may point out leadership changes. However, eagle-eyed analysts can draw conclusions that TCS is one head-of-the-line and has not seen much disruptions like other companies say, for instance, Infosys, have witnessed over the past years.

If this wasn’t enough to give it a green-go-go signal, TCS moves faster than its Indian incumbents into digital services.

Infosys; Going Against The Flow!

During the last eight years, Infosys stood witness to three CEOs coming and resigning—and, two out of the three times, these exits were completely uncalled for. Reportedly, S.D Shibulal retired from Infosys due to non-performance and Sikka left following differences with the co-founders. However, now that Infosys has a new CEO trying to steer clear, the gap between the Infosys and its incumbents has widened. As a matter of fact, the gap of eight years is here to stay for a while. Considering the under-performance of Infosys, following the ugly spat between co-founders, it will need to put out the fire before becoming attractive to investors.

It was the first time in the 33-years history of Infosys when the It services behemoth recorded negative growth in employee hiring in 2016.

As the Indian IT sector moves into its next phase of growth, it needs to get better at making acquisitions. Digital is one area where most companies are placing big bets. While the transformation setting in technology is now slowly turning into an enabler rather than riding pinion as a cost factor, technology is not just a cost-centric stuff, but a profit-centric in many companies.

An industry that is is untapped, world-class at the global scale can surely rejoice at the current upheaval, but must keep its steering wheel steady.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

TikTok Stars Are Fighting an Uphill Battle

2020 has proven to be a difficult year for many Chinese-origin apps, including the wildly popular short...

Google Is Changing the Face of Global Health

COVID-19 is easily the most catastrophic global health crisis of the 21st century. As July 2020 came to a close, case counts...

After Facebook, Now Twitter is Caught Abusing Phone Number For Ads

Thanatophobia, or fear of death, is a relatively complicated phobia. Similarly, fear of losing your digital accounts to hacklers or scammers is equally...

Warren Buffett’s Stake In Apple Is Worth More Than Combined Valuation of All Startup Unicorns in India

The Oracle of Omaha has got an eye for a good bet and it's proven time and again. Once a popular critic...

Microsoft Aims Global Acquisition Of TikTok, Including India!

It seems like TikTok can finally shed its Chinese origin from all over the world. It has recently...

Will Google’s Move To Delete 2,500 YouTube Channels Add Fuel To The Fire With China?

The US-China trade war has started rearing its ugly head. Both sides are now turning to extreme measures on the digital front...

In-Depth: Dprime

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

Fantastic 4: Four Day Work Week A Flashpoint Of Innovation?

It has been an idea that has been mooted by many, perhaps also somewhat sceptically. From being a dark horse to becoming...

More Articles Like This