Amid the continued buying interests in its stocks, Tata Group has become the first Indian conglomerate to cross Rs 30 lakh crore market cap.
Aided by the market performance of its companies, Tata Motors, Tata Consultancy Services, Tata Power and Indian Hotels, the group, which has as many as 30 listed companies, surged ahead to contribute 8 per cent to the BSE’s market capitalisation, as on Tuesday.
TCS shared jumped more than eight per cent in the past five trading days to its all-time high of Rs 4,129.35. Shares of the company jumped nearly 4 per cent on Tuesday. TCS has been contributing more than half to the steel-to-software manufacturer's valuation.
Tata Motors too has been witnessing a bull run in the past one month, surging nearly 20 per cent, while shares of Tata Power has gone up by more than 16 per cent in the same period.
Shares of Indian Hotels too has been going up consistently in the past month, rising over 12 per cent. Tata Steel rose by nearly 10 per cent to hit its 52-week high of Rs 144.60 on Tuesday.