• Source:JND
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Tata Group: Tata Group's combined market capitalization Crossed the 30 lakh crore mark on February 06. The firm became the first Indian business house to reach the milestone. This year, buying interest seen in shares of Tata Consultancy Services, Tata Motors Tata Power and Indian Hotels has boosted shareholder wealth.

Tata Motors have surged 20 per cent while Tata Consultancy Services has gained over 9 per cent so far in the year 2024. Other Tata group stocks like.. Tata Power gained 18 per cent, and Indian Hotels gained 16 per cent. Meanwhile, Tejas Networks, Tata Elxsi and Tata Chemicals have fallen over 10 per cent so far this year.

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There are 24 companies of the Tata group listed on exchanges.

On February 5, TCS shares rose by over 4 per cent to hit the market cap of Rs 15 lakh crore. Recently, TCS announced the extension of its 15-year partnership with Aviva, the UK insurance leader. However, the size of the deal was not disclosed, moneycontrol reported that the mega deal was typically worth more than $500 million.

Tata Motors' stock last month saw a rally on strong earnings due to semiconductor chip shortages, lower raw material prices and strong demand. The company achieved significant 27 per cent YoY volume growth and a significant 22 per cent YoY revenue growth with Jaguar Land Rover (JLR) division at a 16.2 per cent EBITDA margin.

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