The tech sector witnessed strong momentum today as major players—Infosys, Wipro, TCS, and Tech Mahindra—registered significant gains, collectively adding ₹22,747 crore to their market capitalization. Here’s a closer look at how each company contributed to this surge.
Infosys adds ₹12,623 Crore to Market Cap
Infosys saw a remarkable jump in its stock price, rising by 1.62% to close at ₹1,906.00. This increase boosted its total market capitalization by ₹12,623 crore, bringing it to ₹7,91,399.18 crore. The stock opened at ₹1,875.00 and maintained steady gains throughout the day, reinforcing its dominant position in the IT services sector.
Wipro adds ₹2,421 Crore to Market Cap
Wipro also enjoyed positive momentum, with its stock price increasing by 0.85% to ₹546.05. This rise contributed ₹2,421 crore to the company’s market capitalization, which now stands at ₹2,85,654.74 crore. Wipro’s steady performance reflects ongoing investor confidence in the company’s growth potential.
TCS Market Cap gains ₹5,424 Crore
Tata Consultancy Services (TCS), India’s largest IT services firm by market value, added ₹5,424 crore to its market capitalization today. The stock rose by 0.35%, closing at ₹4,283.25, pushing TCS’s total market valuation to ₹15,49,717.34 crore. The modest yet impactful rise highlights TCS’s continued resilience in the tech sector.
Tech Mahindra adds ₹4,475 Crore to Market Cap
Tech Mahindra experienced the highest percentage increase among its peers, with its stock jumping 2.90% to ₹1,623.00. This led to a market capitalization boost of ₹4,475 crore, raising its total valuation to ₹1,58,786.13 crore. The company’s impressive performance underscores its growing influence in the IT services space.
Combined Market Cap Growth
Together, these four tech giants—Infosys, Wipro, TCS, and Tech Mahindra—contributed a combined total of ₹22,747 crore to their market capitalization today, highlighting the robust performance of India’s IT sector. This surge reflects growing investor confidence in these firms’ ability to navigate the global tech landscape.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice.
