New Delhi: In a major shocking development, Infosys’ market value has fallen by more than Rs 2 lakh crore, and the company t has dropped out of the list of India’s top 10 most valuable companies. Infosys’ market cap declined as shareholders have offloaded their holdings, increasing concerns over growth, client spending, and the impact of artificial intelligence.
There has been a rise in selling of Infosys shares after the IT major declared its Q4 2025-26 Results. The IT stock plunged nearly 7 percent on 24 April. The counter dropped around 20 per cent over the past one year. Infosys’ market cap stood at Rs 4,76,860.20 at the time of writing this article on 27 April (Monday). The counter was trading at Rs 1175.20 apiece.
India’s IT giant, Tata Consultancy Services (TCS), has also slipped out of the top 5 as its market cap declined. This clearly indicates a widespread decline in the IT sector. Meanwhile, Life Insurance Corporation of India (LOIC) has made its entry into the top 10 companies list with a value of approximately Rs 5.16 lakh crore.
The top-10 most-valued firms’ witnessed their wealth getting eroded by Rs 2 lakh crore last week. Tata Consultancy Services and Reliance Industries were the biggest laggards, in-tandem with a bearish trend in equities.
RIL retained the top post of most-valued Indian firm. HDFC Bank secured the second sport, Bharti Airtel third, followed by State Bank of India, ICICI Bank, TCS, Bajaj Finance, Larsen & Toubro, Hindustan Unilever, and LIC.