Market Capitalization: The country’s largest business group Tata Group filled the pockets of investors in the year 2023. This passing year proved to be very good for the investors of Tata Group and the group companies. The market cap of Tata Group increased by almost 30 percent this year. The company defeated Mukesh Ambani’s Reliance Group and Gautam Adani’s Adani Group in terms of market cap.
Tata Group’s market cap increased by 30 percent
Tata Group was born in 1868 and today its products are sold in more than 150 countries across six continents. The performance of the group companies in the year 2023 was excellent. The market cap of Tata Group increased by 30 percent compared to last year. Reliance’s market cap increased by only 1.51 percent during this period and Adani Group’s market cap decreased by 28 percent.
Increase in market value of all companies except Tata Teleservices
28 companies of Tata Group are listed in the market. Their market cap has reached Rs 27.61 lakh crore by December 26, 2023. Last year, on December 30, 2022, this figure was Rs 21.04 lakh crore. The market value of Banaras Hotels, Artson Engineering and Trent increased by 100 percent during the same period. At the same time, the same figure of TCS has increased by Rs 1.8 lakh crore. During this period, Titan, Tata Technologies, Tata Power and Tata Steel have performed well. Only the market value of Tata Teleservices has decreased.
Performance of 7 listed companies of Reliance was mixed
year 2023 The performance of 7 listed companies of Reliance has been mixed. The market value of the group has increased to Rs 17.69 lakh crore from Rs 17.42 lakh crore a year ago. Apart from Reliance Industries, DEN Networks, Reliance Industrial Infrastructure, Just Dial and Hathway Cable & Datacom have performed better.
Adani Group faces big loss due to Hindenburg report
But, Hindenburg’s report caused huge loss to Adani Group. The market value of the group was Rs 19.66 lakh crore in January 2023 before the report came, which has reduced to only Rs 14.15 lakh crore as of December 26. During this period, Adani Power and Adani Ports performed better while the market value of Adani Enterprises, Adani Total Gas, Adani Energy Solutions, Adani Wilmar, NDTV, Adani Green Energy, ACC and Ambuja Cement declined by 4 to 73 percent.
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