Market Cap: Tata Group, one of the oldest and most prestigious business groups in the country, has achieved a milestone which has been the dream of every business group in the country till now. Tata Group, which manufactures everything from salt to software, has achieved a market cap of $400 billion on Friday. It has become the first business group in India to touch this figure. The country’s famous Ambani Group and Adani Group have also not been able to touch this figure yet.
Ambani Group is at second place and Adani Group is at third place
Mukesh Ambani-led Reliance Group is in second place with a market cap of $277 billion. Adani Group is in third place with a valuation of $206 billion. The market cap of these three big business groups of India is $884 billion. The 26 listed companies of Tata Group have performed brilliantly in the last one year and have increased their market cap by $100 billion. The market cap of Tata Group has increased by 15.4 percent since June. At the market close on Friday, it has reached around $401 billion (Rs 33.6 lakh crore). Despite the global economic slowdown, Tata Group has surprised everyone with its excellent performance.
TCS market value reaches $190 billion
The biggest gain to the Tata Group’s market cap has come from the IT company Tata Consultancy Services (TCS). Its share in the total market cap of the Tata Group is about 47 per cent. The market value of TCS has reached $190 billion. The company’s stock has reached a record high of Rs 4,422.45. This performance of TCS has been on the strength of financial services, technology, media and telecom sectors. According to JP Morgan, TCS’s revenue has picked up pace at the end of the quarter. JP Morgan has given an overweight rating to TCS. It has also expressed hope that it can reach a price of Rs 4,600. JP Morgan said that we expect revenue to grow by 1 to 2 per cent during FY 2025-27.
Tata Motors, Titan and Tata Steel became top performers
After TCS, Tata Group’s second largest company Tata Motors is also trading at a record high. In just three trading sessions, the shares of the automobile company have jumped 12 percent. According to Nomura, Tata Motors’ profit will increase further on the strength of Jaguar Land Rover. Tata Group has also benefited from companies like Titan and Tata Steel. According to Bloomberg, these four companies account for about 75 percent of Tata Group’s market cap.
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