Q4 results today: Tata Consumer Products, ICICI Prudential Life Insurance, Tata Elxsi, Mahindra & Mahindra Financial Services are among the 16 companies that will release their Q4 results on Tuesday
On an average, Tata stocks gave a mindblowing return of 85% during the financial year. Retail investors ignored institutional investors who have been valuing holding companies at a discount to the underlying value of their holdings.
NEW DELHI: The combined market value of Indian Tata Group companies has surpassed Pakistan’s gross domestic product , a report by an Indian media outlet said.According to the report, the.
While India s GDP is 11 times bigger than that of Pakistan s economy, Tata Group s market value has outmuscled Pakistan s GDP. The market capitsalition of all listed Tata companies is now at $365 billion, beating Pakistan s GDP which has shrunk to $341 billion. The growth in Tata companies market cap in last one year has been driven by Tata Motors, Trent, Titan, TCS, and Tata Power. This doesn t take into account unlisted companies worth a few billion dollars from India s largest business house.
Tata Group recently recorded a market capitalisation of $365 billion, which is more than Rs 3020000 crore, surpassing the GDP of Pakistan, Ukraine, and dozens of other countries.