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TCS, Infosys, SBI, ITC, HUL, ICICI Bank biggest losers, suffer ₹1.4 lakh crore loss in market capitalisation

Published:

Apr 21, 2024 12:19 PM IST

TCS, Infosys, SBI, ITC, HUL, and ICICI Bank, these 6 stocks in India’s top 10 most valued firms list, shed ₹1.4 lakh crore in market capitalisation.

Except mostly for HDFC Bank and Reliance Industries, for most stock market participants, it was a week not to remember. Even the usually dependable infotech companies did not manage to hold the fort after revealing their quarterly results. And even as the stock markets in general were falling, gold was rising with many investors rushing towards what they perceived was a safe haven in a sea of uncertainty. After all the dust settled, the time has come to take stock and sift the laggards from those who have actually managed to stay strong. The results of this exercise show that the stocks that have not done well at all are Tata Consultancy Services (TCS) and Infosys.

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