TCS Out, Jio In! Reliance Jio's listing shakes up India’s rich list: IT major crashes out of top 5 as shares tumble 3.5%
Tata Consultancy moved higher.
· LiveMint Markets, NDTV Profit
Jio Platforms rose 21.36% on its market debut, becoming India’s second-most valuable company and pushing TCS out of the top five for the first time in decades. Reliance Group’s combined market value also overtook the Tata Group, while broader markets fell amid rising oil prices.
The analysis
Tata Consultancy reported movement of 3.5% and 21.36%. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -1.5% on the day at ₹2,459.90, and has returned +8.8% over three months. It sits 26% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +2.4% over the same period, so Tata Consultancy is running 6.4 points ahead of its peers.
For Tata Consultancy, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Market context
- In focus: Tata Consultancy (TCS) (TCS), in IT.
- On the day, 0 of 2 are higher: Tata Consultancy (TCS) leads at -1.5% and Reliance Industries trails at -2.5%.
- Over three months: Tata Consultancy (TCS) +8.8% against IT +2.4% (6.4 points ahead); Reliance Industries -6.5% against Oil & Energy -3.0% (3.5 points behind).
- At least 25% below the 52-week high: Tata Consultancy (TCS) (26%) and Reliance Industries (27%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| Tata Consultancy (TCS)TCS · IT | ₹2,459.90 | -1.5% | +19.9% | +8.8% | -26.0% | 0.3× | — |
| Reliance IndustriesRELIANCE · Oil & Energy | ₹1,166.60 | -2.5% | -2.4% | -6.5% | -26.7% | 1.0× | — |
IT
1M +4.9% · 3M +2.4%
Tata Consultancy (TCS)
Oil & Energy
1M -3.4% · 3M -3.0%
Reliance Industries
Prices as of 28 Oct 2026, 13:43 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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