SIR Ratan Tata’s TCS has been affected by market risks and has suffered a loss of Rs 53,185.89 crore in market valuation, which is the highest among the big firms in India. Tata Consultancy Services (TCS), one of the big four IT companies in India, saw its market cap decline to Rs 13.7 lakh crore as its share price decreased by 2.82% from February 17 to 21.
This is a very sharp decline at a very important time for TCS employees as the company is preparing for its annual salary revisions to be effective from March 2025 and the first installment to be released in April. The market volatility has made the employees wonder how such financial losses will affect the benefits that they get and future policies of the company.
TCS was not the only company which faced the downturn. The market valuation of eight of the Nifty 50 companies together dropped by nearly Rs 1,65,784.9 crore in the week gone by. In the same order, Bharti Airtel declined by Rs 44,407.77 crore to Rs 9.3 lakh crore, while its counterpart Infosys declined by Rs 17,086.61 crore, thus closing the week at Rs 7,53,700.15 crore.
However, Reliance Industries Limited continued to lead the pack as India’s largest company, with TCS, HDFC Bank, Bharti Airtel, and ICICI Bank following suit. The market, however, took a hit; the BSE benchmark fell 628.15 points (0.82%) and the Nifty fell by 133.35 points (0.58%) at the week’s close.
As TCS tries to find its way around this difficult period, people’s eyes are glued to the company, waiting to see when it will start to turn around. This market dip might be something that will be felt at TCS for a while, and it could affect its decisions and benefits for the new fiscal year.
