Tata group tops Ambanis in market value

The Tatas may not be known for being on stock-based rich lists, but market dynamics have led to the conglomerate overtaking the combined market wealth of the two Ambani groups put together.

Share prices have tumbled for both the Reliance groups, led by Mukesh and Anil Ambani . On the other hand, several Tata group firms have grown stronger in terms of stock market valuation.

The stock market wealth of the Tata group has thus grown to close to Rs 4,40,000 crore-the highest for any corporate house and bigger than the combined figure of the two Ambani groups together at about Rs 3,67,000 crore.

The latest market value of individual groups has the Tatas on top, followed by the Mukesh-led Reliance group at second position with about Rs 2,85,000 crore.

The Reliance Anil Dhirubhai Ambani Group ( RADAG) does not figure even among the top 10 groups.

In the past year, R- ADAG's market wealth plunged by Rs 60,000 crore to close to Rs 82,000 crore now.

The Mukesh-led group's valuation has also fallen by Rs 73,000 crore, but that of Tatas has grown by Rs 1,00,000 crore in the same period.

The Tata companies that have added significant market wealth in the past year include TCS, Tata Motors, Tata Steel, Titan, Tata Coffee, Tata Chemicals and Rallis.

On the other hand, all companies of the two Ambani groups, barring the smallest of them Reliance Broadcast Network, have lost market value since July last year.

--With Agency inputs