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.
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.
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 USD 365 billion, beating Pakistan s GDP which has shrunk to USD 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.
TCS ended 4% higher on Tuesday as its market value crossed the Rs 15 lakh crore milestone for the first time. Both Tata Motors as well as Tata Steel are near their 52-week peaks, while another Nifty stock Titan is up 23% in 6 months.
N Chandrasekaran-led Tata Group continued to make investors richer on Dalal Street in 2023 as the combined market capitalisation of 27 Tata stocks rose by about Rs 613,000 crore in the calendar year when the storied conglomerate delivered at least three multibaggers with returns going as high as 218%.