Tata Group has become the first Indian conglomerate to surpass a market capitalization of Rs 30 lakh crore, driven by a significant surge in the values of TCS and Tata Motors among its 18 entities. Tata Consultancy Services (TCS) alone contributes more than half of the group's market worth, recently crossing the milestone of Rs 15 lakh crore market capitalization for the first time. This uptick was fueled by a strategic agreement where the IT giant committed to revamp Europe Assistance's IT operations using artificial intelligence and machine learning technologies.
Following Tata Group's remarkable achievement, the Reliance Group holds the second spot in the market capitalization rankings, boasting a value of Rs 21.60 lakh crore. The Adani Group, renowned for its diverse interests in infrastructure sectors and capital-intensive commodities, secures the third position with a combined market value of Rs 15.54 lakh crore.
Tata Motors and Titan also made significant strides, with both companies commanding a market value exceeding Rs 3 lakh crore as of the latest data. Tata Motors witnessed an all-time high in its share prices following robust financial performance in the quarter ending December. Analysts commended the company's progress in various segments including JLR, the passenger vehicle (PV) and commercial vehicle (CV) business, and its reduction in net automotive debt. Conversely, Titan experienced a setback at the start of the year, with its shares declining by 3.2 percent.
Contributing significantly to Tata Group's market capitalization are entities like Tata Steel, Tata Power, Tata Consumer Products, and Trent, each surpassing the Rs 1 lakh crore mark in market value. Even the newly listed Tata Technologies commands a market capitalization of around Rs 46,000 crore, further bolstering the group's overall market worth.
