Tata group companies market cap surges to $300 bn, TCS top contributor
Six Tata group companies gained over 100% this year, while nine of its firms rose 50-90%. Twelve firms’ share prices climbed 15-45%.
Tata group’s market capitalization crossed $300B as shares of 27 of its 28 listed firms rose during the year, reports Cnbctv18.com.
India’s biggest conglomerate added a market worth of $84.75 billion in 2021. The company’s share prices gained from 15% to 375% this year.
TCS top contributor
Tata Consultancy Services was the topmost contributor to the rise in share prices.
TCS group shares market cap is currently at 52%, followed by Tata Steel Ltd (16.22%), Tata Motors Ltd (6.75%), Titan Co. Ltd (5.07%), and Tata Consumer Ltd (4.1%).
As of Sept. 2, 20121, Thursday afternoon, the cumulative market worth of Tata groups stood at Rs 21.84 lakh crore. Nearly all Tata shares have compensated investors with profits in recent months, with TCS rising 29% this year.
Six group companies gained over 100% this year, while nine of its firms’ share prices rose 50-90%. Twelve firms’ shares climbed 15-45%.
Tata group companies survived the pandemic
Analysts opined that the Tata stocks surged this year as all its key group businesses survived the pandemic without significant impact.
Cnbctv18 quoted Mitul Shah, research head at Reliance Securities, saying, “Thus, steady earnings growth enhanced investors’ confidence in the group and continued re-rating for group companies, resulting in a strong uptick in stock prices. We expect this positive traction would continue with a ramp-up in vaccination drive globally and better profitability for the group in FY23”.
Tata Group manufactures automobiles, airplanes, and many other products. The company is headquartered in Mumbai, India.
