Tata Group Achieves Historic ₹30 Lakh Crore Market Cap, with TCS Crosses 15 Lakh Crore
Tata Group has made history by becoming the first Indian conglomerate to surpass the ₹30 lakh crore mark in combined market capitalization. This significant achievement is driven by strong performances from key subsidiaries, including Tata Consultancy Services (TCS), Tata Motors, Tata Power, and Indian Hotels.
TCS shares reached a new peak on February 5, with a remarkable surge of over 4 percent, propelling its market capitalization beyond ₹15 lakh crore. This resurgence marks a significant milestone for the leading IT services company.
While TCS and other key subsidiaries have witnessed substantial gains, certain Tata Group stocks such as Tejas Network, Tata Elxsi, and Tata Chemicals have experienced declines exceeding 10 percent in 2024. Nonetheless, the majority of Tata Group stocks have recorded positive gains ranging from 1 to 5 percent.
Tata Power has shown promising growth in 2024, aligning with the upward trend in the power and energy sector. The company’s positive outlook is bolstered by the government’s emphasis on expanding renewable energy usage, as highlighted in the Interim Budget 2024. Tata Power’s substantial clean energy portfolio, totaling 5,500 MW, comprising solar, wind, and hydropower sources, positions it as a leading private sector player in the renewable energy space.
India's ascent from the 23rd position in global smartphone exports in 2019 to securing the…
India has achieved a significant milestone in wildlife conservation with the first-ever satellite tagging of…
Uttarakhand will become the first Indian state to implement the Uniform Civil Code (UCC) starting…
Maharashtra, located in western India, is a vibrant state known for its rich history, diverse…
The net direct tax collections for the fiscal year 2023-24 have surged by 16.45% to…
December, the last month of the year, is a month full of important days that…