Tata Group Hits ₹30 Lakh Crore Market Cap Milestone in 2024: TCS, Tata Motors, Tata Power, and Indian Hotels Lead the Way

Tata Group achieves historic ₹30 lakh crore market cap milestone, led by strong 2024 performances in TCS, Tata Motors, Tata Power, and Indian Hotels.
Tata Group Hits ₹30 Lakh Crore Market Cap Milestone in 2024 TCS, Tata Motors, Tata Power, and Indian Hotels Lead the Way

The Tata Group has achieved a historic milestone by surpassing a market capitalization of ₹30 lakh crore, making it the first Indian conglomerate to do so. This remarkable increase in market value is attributed to strong performances by Tata Consultancy Services (TCS), Tata Motors, Tata Power, and Indian Hotels in 2024.

TCS, with a 9% surge in 2024, crossed the ₹15 lakh crore market cap due to successful deals in Q3FY24. The company recently expanded its partnership with UK insurance leader Aviva, potentially exceeding $500 million.

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Tata Motors witnessed a surge driven by strong earnings, eased semiconductor chip shortages, and robust demand. Their Jaguar Land Rover (JLR) division posted an impressive 16.2% EBITDA margin. The domestic business also performed well, with a 19% revenue growth.

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Tata Power’s growth aligns with the energy sector’s trend, focusing on renewable energy expansion. Tata Power is a major private sector player with a substantial clean energy portfolio of 5,500 MW.

Indian Hotels delivered strong results due to high demand, and the management’s optimistic outlook suggests a promising earnings trajectory.

Despite some challenges, the Tata Group’s market capitalization milestone reflects the conglomerate’s resilience and strong performance in various sectors.

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