After a week, the market cap of another Tata Group company crossed Rs 1 lakh crore. The company’s shares fell 13 percent during the trading session. Due to which the company’s shares reached life time high of Rs 332. This is the reason why the market cap of the company has crossed Rs 1 lakh crore. A week ago, Trent’s market cap had crossed Rs 1 lakh crore. The market cap of 6 companies of Tata Group has now crossed Rs 1 lakh crore.
Company shares rise
There was a tremendous rise in the shares of Tata Power. The important reason for this is the upgrade of the stock’s rating by JM Financial. Due to which the company’s shares saw a rise of 13 percent today and the company’s shares reached a record high of 52 weeks at Rs 332. Till the market closes, the company’s shares are at Rs 325.75 with a rise of 10.76 percent. However, today the company’s shares opened at Rs 295.90. A day ago the company’s shares had closed at Rs 294.10.
Market cap crosses Rs 1 lakh crore
Due to this rise, the market cap of the company crossed Rs 1 lakh crore. After market closing the market cap of the company is Rs 1,04,088.19. Whereas a day earlier the market cap of the company was Rs 93,974.94 crore. This means that the market cap of the company has seen an increase of more than Rs 10 thousand crore in a single day. If experts are to be believed, the company’s shares may see further increase in the coming days.
Tata Group’s ‘Sixer’
The name of TCS is at the top among other companies of Tata Group with market cap of more than Rs 1 lakh crore. Whose market cap is Rs 13.23 lakh crore. There are also companies like Titan (Rs 3.18 lakh crore), Tata Motors (Rs 2.40 lakh crore), Tata Steel (Rs 1.60 lakh crore) and Trent (Rs 1.01 lakh crore). In the last 12 months, Tata Power has outperformed Nifty and given a return of 44 percent. Shares of Tata Motors also reached a new 52-week high of Rs 727.45 on Thursday.
