With the surge in total market capitalisation of 42 % in the last year, Tata group has regained its most valued corporate house tag in India. As per reported by Economic Times the conglomerate is having the total market capitalisation of nearly Rs. 17 lakh crore, which is followed by the market value of HDFC Group which stands at Rs. 15.25 lakh crore. The group has increased its market cap by 13 %, nearly Rs.1.9 lakh crore in the last one month.
N Chandrasekaran, the current Tata Group chairperson had cleared his focus to boost the shareholders returns and tightening of capital allocation rules while taking over the leadership in February 2017.
One-and-a-half year ago, HDFC Group overtook the TATA Group to become the most valuable corporate house tag. With the latest figures, the TATA Group has managed the growth of 42% in its market cap as compared to the 15% of the HDFC Group in the last year. At the same time Reliance Industries gained 27%, while Bajaj group managed 11% in its market cap.
Tata Elxsi (166.19%), Tata Consumer (75.78%), Tata Power Company (44.53%), Tata Consultancy Services (44.22%), Voltas (29.32%) and Tata Motors (23.62%) emerged as the top performers for the group.