The aggregate market capitalization of Tata Group enterprises has exceeded the Gross Domestic Product (GDP) of Pakistan, as per The Economic Times.
The report emphasized the exceptional returns provided by the publicly listed companies within the diverse Tata Group, noting that their collective value has now surpassed the entire economic output of Pakistan. This development comes at a time when Pakistan is grappling with substantial levels of debt and inflationary challenges.
As per the report, Tata Group’s combined market capitalization is roughly $365 billion (approximately Rs 30 lakh crore), exceeding the estimated Gross Domestic Product (GDP) of Pakistan, which the IMF places at around $341 billion.(Rs 28 lakh crore approx)
Among all the publicly listed businesses of Tata Group, the Information Technology giant TCS stands out as its flagship, boasting a market capitalization of nearly Rs 15 lakh crore or $170 billion. According to IMF calculations, TCS alone is approximately half the size of Pakistan’s economically challenged and debt-laden economy.
While the entirety of Tata Group companies has played a role in the notable increase in the conglomerate’s overall market worth, the most substantial contributions have been attributed to significant returns from Tata Motors and Trent, both yielding multibagger returns.
Tata Motors shares have experienced a remarkable surge of 110% within the span of a year, while Trent has witnessed an impressive gain of 200%. This noteworthy performance is complemented by the positive trajectory of stocks in other Tata Group companies, including Tata Technologies, TRF, Beneras Hotels, Tata Investment Corporation, Tata Motors, Automobile Corporation of Goa, and Artson Engineering.
It is noteworthy that the Tata Group boasts a presence of at least 25 companies listed on the stock exchanges. As per ACE Equity data cited in the ET report, out of these, only one, Tata Chemicals, has seen a decline of 5% over the course of a year.
