Ratan Tata’s Tata Group has created a new history or story in the country. It is not known when Gautam Adani’s Adani Group or Mukesh Ambani’s Reliance Industries will be able to do this. The combined market cap of Tata Group has crossed Rs 30 lakh crore. Which has become a historic moment for Indian business. This increase in shareholder’s assets is mainly due to increase in shares of Tata Consultancy Services, Tata Motors, Tata Power and Indian Hotels throughout the year. Let us also tell you which Tata Group company has seen the maximum contribution in reaching this milestone.
These companies did wonders in 2024
Shares of Tata Consultancy Services Limited have seen a rise of more than 9 percent since the beginning of 2024. Shares of Tata Motors Limited have seen a jump of more than 20 percent. Apart from this, there has been a good jump of 18 percent in Tata Power and 16 percent in Indian Hotels. There are 24 companies of Tata Group which are listed in the stock market. On the other hand, there has been a decline in the shares of Tejas Network, Tata Elxsi and Tata Chemicals. According to statistics, so far this year these shares have seen a decline of more than 10 percent.
TCS’s biggest contribution
Tata Consultancy Services accounts for more than 50 percent of the Tata Group’s valuation. Whose market cap crossed Rs 15 lakh crore on Tuesday. A rise of more than 4 percent was seen in the company’s shares today. This is the first time that the market cap of the company has crossed Rs 15 lakh crore and after a year the company’s share has touched the figure of Rs 4000 thousand. According to experts, in the third quarter of the current financial year, the company has made deals worth more than $8 billion, which is 3.8 percent more than last year.
Tata Power’s performance was also excellent
Tata Power stock has also seen excellent performance so far in the year 2024. In the current year, the company’s shares have seen a jump of 20 percent. In fact, the government is moving forward regarding green and renewable energy. Tata Power is also working in the same direction. Due to which an increase is being seen in the shares of the company. From the way the government has made announcements regarding new energy in the interim budget, it can be clearly estimated that there will be further increase in power stock in the coming days.
Indian hotels shares rise
On the other hand, there has been a tremendous increase in the shares of Indian Hotels also. According to statistics, the shares of Indian Hotels have seen a rise of more than 16 percent in the current year. In fact, very good growth is being seen in the hospitality industry. The government’s focus on Ayodhya and Tata Group’s plan to open a hotel in Ayodhya is boosting the stock.