Mcap of nine of top-10 most valued firms surges by ₹3.65 trn, TCS shines
NSE moved higher in a quarterly results development.
· Business Standard Mkts, Economic Times Markets, ET Stocks
The combined market valuation of nine of the top-10 most valued firms surged by Rs 3.65 lakh crore last week, with TCS, Bharti Airtel and Infosys emerging as the biggest winners, amid a bullish trend in equities. Last week, the BSE benchmark Sensex surged 2,256.94 points, or 3.11 per cent, and the NSE Nifty jumped 625.7 points, or 2.77 per cent.
The analysis
NSE reported ₹3.65 and Rs 3.65 lakh crore, with movement of 2.8%, 3.1% and 3.11% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +1.0% on the day at ₹2,502.60, and has returned +2.9% over three months. It sits 25% below its 52-week high. The it sector has moved -3.1% over the same period, so Tata Consultancy is running 6.0 points ahead of its peers.
For Tata Consultancy, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
- With NSE, BSE involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- The 6 companies named span 4 sectors, so these are separate company stories rather than one sector-wide move.
- On the day, 5 of 6 are higher: Infosys leads at +3.4% and Reliance Industries trails at -0.2%.
- Over three months: Tata Consultancy +2.9% against IT -3.1% (6.0 points ahead); Bharti Airtel +0.9% against Telecom & Media +0.9% (0.0 points behind); Infosys +2.6% against IT -3.1% (5.7 points ahead); Reliance Industries -9.9% against Oil & Energy -5.7% (4.2 points behind).
- At least 25% below the 52-week high: Infosys (30%), Reliance Industries (27%) and HDFC Bank (31%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Tata ConsultancyTCS · IT | ₹2,502.60 | +1.0% | +22.0% | +2.9% | -24.7% | 0.5× | — |
| Bharti AirtelBHARTIARTL · Telecom & Media | ₹1,973.70 | +0.1% | +12.3% | +0.9% | -8.7% | 0.8× | — |
| InfosysINFY · IT | ₹1,185.00 | +3.4% | +19.2% | +2.6% | -29.9% | 0.8× | — |
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,164.90 | -0.2% | -1.9% | -9.9% | -26.8% | 1.0× | — |
| HDFC BankHDFCBANK · Banks | ₹692.80 | +1.4% | -2.2% | -8.1% | -31.4% | 0.7× | — |
| ICICI BankICICIBANK · Banks | ₹1,398.00 | +0.8% | +5.8% | -2.5% | -4.4% | 0.9× | — |
IT
1M +5.2% · 3M -3.1%
Tata Consultancy, Infosys
Telecom & Media
1M -0.2% · 3M +0.9%
Bharti Airtel
Oil & Energy
1M -4.8% · 3M -5.7%
Reliance Industries
Banks
1M -3.4% · 3M -6.0%
HDFC Bank, ICICI Bank
Prices as of 30 Oct 2026, 16:11 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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