Tata Consultancy Services (TCS) India’s largest IT company has faced a significant decline in its market position. It is no longer the second-largest company in the country due to a consistent drop in its share prices and market valuation. TCS Share Price Decline According to NSE data TCS shares have seen a fall of Rs 249.10 within a week. On Friday alone the stock dropped by Rs 134.55 equivalent to a 3.72% decline bringing the current price to Rs 3478 per share. The companys stock has witnessed a major decline this year losing nearly 15% of its value in just two months. Over the last six months TCS shares have fallen by more than 23% significantly impacting its market capitalization. TCS Weekly Losses The past week was particularly a big loss for TCS. The companys shares dropped by 6.68% leading to a reduction in its market cap. NSE data highlights that the stock has decreased by Rs 249.10 over the week with Friday contributing heavily to this decline. TCS Share Price HIgh & Low TCS shares had once reached a 52-week high of Rs 4592.25. However the current price of Rs 3478 reflects a sharp drop of Rs 1114.25 marking a decline of over 24% from the peak. Over the past year the stock has fallen approximately 15% causing significant losses to the company. TCS Market Cap Erosion The consistent drop in TCS’s share price has led to a massive reduction in its valuation. The company’s market cap has fallen below Rs 13 lakh crore with losses amounting to Rs 1 lakh crore in recent times. After this decline HDFC Bank surpassed TCS becoming the second-largest company in India. HDFC Bank’s market cap remains above Rs 13 lakh crore while TCS now ranks third in the country. This marks a significant shift in the ranking of India’s top companies with HDFC Bank emerging as a new leader in the second position.