47 Nifty Firms Shed ₹48.77 Lakh Crore From Record Highs; TCS Worst Hit
· Business · Economic Times, The Hindu
Forty-seven Nifty constituents have collectively lost ₹48.77 lakh crore from their record-high market capitalisations, according to ACE Equity data. TCS has suffered the steepest absolute erosion, shedding over ₹8 lakh crore as the stock trades about 49% below its all-time high, with its market cap falling from roughly ₹16.48 lakh crore to ₹8.47 lakh crore. TCS, HDFC Bank, Reliance Industries and Infosys together account for ₹20 lakh crore, or about 41% of the total decline, while the 10 biggest laggards make up ₹32.57 lakh crore, nearly two-thirds of the wipeout. Samco Mutual Fund CIO Umesh Mehta said mega-cap companies are languishing because traditional businesses globally no longer command their historical valuations. Analysts remain divided on whether the steep fall makes these blue-chip stocks attractive entry points or value traps in a market that is structurally rewarding smaller and newer businesses.
Why it matters
Indian investors holding blue-chip Nifty heavyweights have seen massive erosion in portfolio value, and the ₹20 lakh crore loss concentrated in just four stocks shows how narrow the damage is — a signal that fund managers and retail investors must reassess whether mega-caps still deserve premium valuations.
Read the original report — Economic Times
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