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  1. Tata Group hits ₹30 lakh crore market cap milestone! | Tata stocks

Tata Group hits ₹30 lakh crore market cap milestone! | Tata stocks

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2 min read • Updated: February 8, 2024, 11:12 AM

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Summary

📈 Witnessing a historic achievement, the Tata Group, a 155-year-old conglomerate, reached a remarkable milestone on Tuesday, February 6th, 2024, by touching a market cap of ₹30 lakh crore, becoming the first Indian company to do so.

🏦 1: TCS Rally Leads to Milestone The protagonist behind this remarkable feat was none other than the IT giant TCS. On Tuesday, February 6th, 2024, Tata Consultancy Services' market value surpassed ₹15 lakh crore for the first time. Reports attribute this surge to expectations of a rebound in TCS's outsourcing business, contributing to nearly 8% of India's total market capitalization.

💼 ** 2: Major Tata Stocks Seeing Big Gains** Let's take a look at the impressive performance of other major Tata Group stocks over the past six months:

  • Tata Motors - 54%
  • Titan - 23%
  • Tata Investment Corp - 123%
  • Trent - 111%
  • Tata Power - 69%

💼 ** 3: Tata Stocks with Market Cap Over ₹1 Lakh Crore** Here's a breakdown of Tata Group companies with individual market caps exceeding ₹1 lakh crore:

Market Cap (₹ Lakh Crore)

  • TCS - 14.77
  • Titan - 3.18
  • Tata Motors - 3.10
  • Tata Steel - 1.79
  • Trent - 1.28
  • Tata Power - 1.26
  • Tata Consumer - 1.11

🏦 4: Tata vs. Reliance Compared with its competitor Reliance Industries Group, Tata Group stands strong as the second-largest conglomerate in terms of market cap.

🔍 5: Market Cap Comparison While Reliance Industries Group commands a market cap of over ₹21 lakh crore, the combined market cap of Tata Group's top five stocks alone exceeds ₹24 lakh crore, showcasing the dominance of Tata Group in the market.

🚀 6: Markets’ Sweetheart: Tata Stocks! Tata stocks have been the darling of the markets, evident from the overwhelming response received by Tata Technologies' IPO last year. With Rakesh Jhunjhunwala, also known as the Big Bull, considering Tata stocks as his favourites, their success story continues even after his demise.

💡 Tata’s Success Recipe Tata Group's success can be attributed to various factors, including robust corporate governance standards, precise business strategies, and effective leadership. With philanthropic trusts owning the group and no individual promoter, Tata Group's phenomenal success is built on solid foundations.

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