Tata Group’s market cap crosses Rs 30 million; Find out your top Tata bets

Tata Group has emerged as India’s first conglomerate to breach the Rs 30 trillion mark in market capitalization (mcap). The milestone was reached on Tuesday, driven by a 4% surge in Tata Consultancy Services (TCS) shares, propelling its market valuation beyond Rs 15 trillion for the first time.

The substantial rally in TCS shares contributed to the overall market cap of the Mumbai-based conglomerate, reaching a total of Rs 30.6 trillion. In comparison, Mukesh Ambani-led Reliance Group holds the position of India’s second-largest business entity with an m-cap of Rs 21.6 trillion, followed by Gautam Adani-led Adani Group at Rs 15.5 trillion.

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Tata Consultancy Services Ltd has witnessed a noteworthy 9% surge in 2024, while Tata Motors Ltd recorded an impressive 20% advancement. Tata Power and Indian Hotels saw gains of 18% and 16%, respectively. Notably, the Tata Group boasts 24 companies listed on stock exchanges.

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However, amidst the positive trend, Tejas Network, Tata Elxsi, and Tata Chemicals experienced declines exceeding 10% since the beginning of the year, while other Tata Group stocks demonstrated gains in the range of 1-5%. The conglomerate’s diverse performance underscores its commanding presence in the Indian market.

“The crossing of Rs 30 Lakh crore market cap is a demonstration of the Tata Group’s strong brand reputation, diversified portfolio, and strategic vision. The key drivers for future growth are innovation, digitalisation, and sustainability. Tata Consultancy Services has a consistent track record, strong digital capabilities, and a global presence,” said Atul Parakh, CEO of Bigul

Talking about the tata group stocks Parakh said that, Tata Elxsi is a leader in design and technology solutions, well-positioned to benefit from the growth in electric vehicles and connected cars. Tata Consumer Products’s FMCG business offers steady growth potential in the domestic market.

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“The steel industry is cyclical, but Tata Steel’s focus on cost optimisation and expansion plans make it attractive. Tata Power’s renewable energy push and improving financials hold value potential. Hospitality sector recovery and Indian Hotels Company Ltd (IHCL) strong brand presence offer value opportunities,” added Parakh.

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