17 Business Groups Join Trillion-Rupee Stock Wealth Club

Monday, 28 April 2014, 05:57 Hrs
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MUMBAI: As the stock market benchmark sensex races towards its 23,000-points milestone, at least 17 business houses have attained a market cap of 1 trillion or more, led by Tatas with a massive group valuation of over 7 lakh crore.

These 17 business houses together command a cumulative valuation of close to 35 lakh crore — almost half of overall investor wealth of nearly 75 lakh crore in the Indian markets, shows an analysis of latest valuation of all listed companies in the country.

Interestingly, Tata group commands a valuation that is greater than the combined market cap of its two nearest rivals — HDFC group and Mukesh Ambani-led RIL group on the valuation charts. Tata group has more than 30 listed companies, while its most valued firm TCS also happens to be the country's most valued firm with a market value of over 4.3 lakh crore.

The markets' 30-share benchmark index, sensex, is currently trading near 22,700 points and has gained more than 10 per cent or over 2,500 points in the past three months, which traders largely attribute to expectations for a reforms-friendly and a stable government after the ongoing general elections.

The election results will be announced on May 16 and there are widespread expectations about sensex achieving 23,000-point level by that time.

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Source: PTI
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