TCS mcap share in Tata group falls below 50%, a first in more than a decade

The rally in the Tata stocks has been by smaller companies while Tata Consultancy Services (TCS) - the biggest company in the group by market capitalisation- has been a laggard

Tata Consultancy Services’ (TCS’) contribution to the overall market capitalisation (mcap) of listed Tata group companies has slipped below 50 per cent for the first time in over a decade. This has happened amid a rally in other Tata stocks, led by smaller companies, even as TCS, the group’s largest company by mcap, has lagged.

In recent quarters, Tata’s listed firms have emerged as leading performers on the bourses, with the group’s combined mcap  crossing Rs 30 trillion early last week — a first for a private sector conglomerate. The milestone signifies a near doubling of the Tata group’s mcap