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Changing market dynamics have helped the Tata group overtake the combined market wealth of the two groups led by the Ambani brothers, Mukesh and Anil.
The share prices of both the Reliance groups have slumped recently, which analysts blame on a string of controversies that have surrounded the groups for months now.
On the other hand, a host of Tata group firms have grown stronger in terms of stock market valuation, shrugging off controversies of their own as well as bearish sentiments in the broader market.
The stock market wealth of the Tata group has grown close to Rs.4.4 trillion—the highest for any corporate house and bigger than the combined value of the two Ambani groups together, which is around Rs.3.67 trillion.
One year ago, the Tata group, with 30 listed companies, was smaller than just the group owned by Mukesh Ambani, which has only two. The latest market valuation puts the Tatas on top, followed by the Mukesh Ambani-led group in second place with about Rs.2.85 trillion.
The Anil Ambani-led Reliance Group, which was ranked third a year ago, does not feature even in the Top 10 anymore. Its market wealth has plunged by more than Rs.60,000 crore to Rs.82,000 now.
The Mukesh Ambani-led group's valuation has also fallen by around Rs.73,000 crore. Tata group's valuation on the other hand has grown by more than Rs.1 trillion in the same period.
The Tata companies that have added significant market wealth in the past one year include Tata Consultancy Services Ltd, Tata Motors Ltd, Tata Steel Ltd, Titan Industries Ltd, Tata Coffee Ltd, Tata Chemicals Ltd and Rallis India Ltd.
In contrast, all companies of the two Ambani groups have lost market value since July except Reliance Broadcast Network Ltd.
From Mukesh Ambani's group, Reliance Industries Ltd has lost around Rs.72,000 crore and Reliance Industrial Infrastructure Ltd has lost around Rs.650 crore.
Among Anil Ambani-led companies, the losses are around Rs.21,000 crore for Reliance Communications Ltd, around Rs.20,000 crore for Reliance Power Ltd, Rs.14,000 crore for Reliance Infrastructure Ltd and over Rs.5,000 crore for Reliance Capital Ltd.
www.goldennifty.com
Changing market dynamics have helped the Tata group overtake the combined market wealth of the two groups led by the Ambani brothers, Mukesh and Anil.
The share prices of both the Reliance groups have slumped recently, which analysts blame on a string of controversies that have surrounded the groups for months now.
On the other hand, a host of Tata group firms have grown stronger in terms of stock market valuation, shrugging off controversies of their own as well as bearish sentiments in the broader market.
The stock market wealth of the Tata group has grown close to Rs.4.4 trillion—the highest for any corporate house and bigger than the combined value of the two Ambani groups together, which is around Rs.3.67 trillion.
One year ago, the Tata group, with 30 listed companies, was smaller than just the group owned by Mukesh Ambani, which has only two. The latest market valuation puts the Tatas on top, followed by the Mukesh Ambani-led group in second place with about Rs.2.85 trillion.
The Anil Ambani-led Reliance Group, which was ranked third a year ago, does not feature even in the Top 10 anymore. Its market wealth has plunged by more than Rs.60,000 crore to Rs.82,000 now.
The Mukesh Ambani-led group's valuation has also fallen by around Rs.73,000 crore. Tata group's valuation on the other hand has grown by more than Rs.1 trillion in the same period.
The Tata companies that have added significant market wealth in the past one year include Tata Consultancy Services Ltd, Tata Motors Ltd, Tata Steel Ltd, Titan Industries Ltd, Tata Coffee Ltd, Tata Chemicals Ltd and Rallis India Ltd.
In contrast, all companies of the two Ambani groups have lost market value since July except Reliance Broadcast Network Ltd.
From Mukesh Ambani's group, Reliance Industries Ltd has lost around Rs.72,000 crore and Reliance Industrial Infrastructure Ltd has lost around Rs.650 crore.
Among Anil Ambani-led companies, the losses are around Rs.21,000 crore for Reliance Communications Ltd, around Rs.20,000 crore for Reliance Power Ltd, Rs.14,000 crore for Reliance Infrastructure Ltd and over Rs.5,000 crore for Reliance Capital Ltd.
www.goldennifty.com
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