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.
Trent s profit increased from Rs 160.9 crore to Rs 343.6 crore over the year and the revenue to Rs 3312.4 crore (Rs 2171.5 crore). Trents earnings before interest, tax, depreciation, and amortization (EBITDA) during the quarter jumped 86% year-on-year to Rs 623.15 crore.
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.
India Business News: Tata Group stocks in 2023: The Tata Group, led by N Chandrasekaran, has witnessed a significant increase in market capitalization, making investors we