New Delhi: On the one hand the country's pace is slowing down due to Corona, on the other hand, the stock market is touching new heights. The Tata group companies have benefited immensely from the stock market boom. The market capitalization of Tata's listed companies has reached Rs 14.27 lakh crore. Tata has also beaten Reliance and HDFC Group in the race for market cap.
HDFC Group has a market capitalization of Rs 13.72 lakh crore while Reliance has Rs 12.27 lakh crore. The Tata group has 28 companies listed, out of which eight companies have a market cap of over 20,000 crores. Among all these companies, the highest profit and highest market capitalization is from IT company Tata Consultancy Services. Tata Motors is giving the most damage. TCS had a market cap of Rs 10.21 lakh crore on Monday. In 2019-20, the company's revenue was Rs 1.31 lakh crore and profit was Rs 33,260 crore. Its share was Rs 2,170 in January, which has now gone up to Rs 2,722, i.e. the stock has given a profit of 25%.
Tata Motors has a market capitalization of Rs 53,145 crore. Its revenue is Rs 43,928 crore but this company continues to make losses. 2019-20 The company had a loss of Rs 7,289 crore, its stock also did not give a profit. It was Rs 176 in January and is now trading at Rs 172.
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