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Tatas mkt cap at Rs 5.9 lakh cr
Highlights
Largely unaffected by the recent carnage in stock markets, salt-to-software conglomerate Tata Group is closing in on to become the country's first business house to attain a market valuation of Rs 6 lakh crore. The cumulative market capitalisation of all 32 listed companies of the Tata group has risen to nearly Rs 5.90 lakh crore as on Friday-- the highest for any business house in the country and almost double the market value of the second ranked Mukesh Ambani-led Reliance Industries Group.
New Delhi (PTI): Largely unaffected by the recent carnage in stock markets, salt-to-software conglomerate Tata Group is closing in on to become the country's first business house to attain a market valuation of Rs 6 lakh crore. The cumulative market capitalisation of all 32 listed companies of the Tata group has risen to nearly Rs 5.90 lakh crore as on Friday-- the highest for any business house in the country and almost double the market value of the second ranked Mukesh Ambani-led Reliance Industries Group.
The total market value of Tata group exceeds the combined market capitalisation of at least three leading business houses in the country - RIL group (about Rs 2.75 lakh crore), Aditya Birla Group (about Rs 1.5 lakh crore) and Anil Ambani-led Reliance Group (about Rs 62,000 crore). Interestingly, the Tata group's market value has grown substantially over the past one year, including in the past few months when the overall stock markets have been facing strong headwinds and have lost value. Tata group, which saw a change of leadership late last year from Ratan Tata to Cyrus Mistry, has seen its valuation growing by over Rs 1 lakh crore since the beginning of this year.
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