Tata Group Crosses Rs 30 Lakh Crore In Mcap, Becomes First Indian Company to Achieve This

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The surge in mcap has been recorded on the back of strong demand for shares of TCS, Tata Motors, Tata Power and Indian Hotels this year

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Tata group’s total market capitalisation (mcap) on Tuesday breach the Rs 30 lakh crore, thus making it the first corporate giant to cross the milestone. The rise has been recorded on the back of strong demand for shares of TCS, Tata Motors, Tata Power and Indian Hotels this year.

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In 2024 so far, shares of Tata Consultancy Services (TCS) have surged more than 9 per cent, Tata Motors has jumped over 20 per cent, Tata Power rose 18 per cent and Indian Hotels Company Ltd gained 16 per cent. The Tata group has 24 companies listed on bourses.

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Meanwhile, Tata Chemicals, Tejas Network, and Tata Elxsi fell 10 per cent so far this year, the remaining gained in the range of 1-5 per cent.