ADVERTISEMENT

HDFC Group Briefly Overtakes Tata Group As India’s Largest

The combined market cap of five companies of HDFC Group stood at Rs 10.4 lakh crore, higher than Tata Group’s Rs 10.38 lakh crore.

Formula E cars race. Photographer: Brent Lewin/Bloomberg
Formula E cars race. Photographer: Brent Lewin/Bloomberg

The Tata Group lost the distinction of being India’s largest conglomerate to HDFC Group in yesterday’s trade.

The combined market capitalisation of five companies from the financial services provider stood at Rs 10.4 lakh crore as of Dec. 26 close. That was higher than the Rs 10.38 lakh crore market value of 25 salt-to-software companies of the Tata Group.

Today, they kept swapping the lead through much of the trading session with Tata Group closing a shade higher. As of close, the respective market capitalisations stood at:

  • Tata Group: Rs 10.45 lakh crore
  • HDFC Group: Rs 10.44 lakh crore
HDFC Group Briefly Overtakes Tata Group As India’s Largest

Shares of HDFC Ltd. and HDFC Bank Ltd. rose 13 percent this year. The increase in the group’s market capitalisation was aided by the recent listing its insurance arm HDFC Standard Life Insurance Company Ltd. and mutual fund subsidiary HDFC Asset Management Company Ltd.

The 42 percent gain for Tata Group’s largest company Tata Consultancy Services Ltd. was offset by a 60 percent decline in Tata Motors Ltd. and over 25 percent fall in Tata Steel Ltd.

Watch the video here:

HDFC Group

Here are the five listed HDFC Group companies:

  • Housing Development Finance Corporation
  • HDFC Bank
  • HDFC Standard Life Insurance
  • HDFC Asset Management
  • Gruh Finance

Tata Group

Here are the 25 listed Tata Group companies:

  • Tata Consultancy Services
  • Tata Motors
  • Tata Global Beverages
  • Tata Steel
  • Tata Power
  • Titan
  • Tata Communications
  • Tata Invst Corp
  • India Hotels
  • Rallis
  • Trent
  • Tata Elxsi
  • Tata Chemicals
  • Tata Coffee
  • Voltas
  • Tata Teleservices
  • Tinplate
  • Tata Metaliks
  • Tata Sponge
  • Automobile Corp
  • Benares Hotels
  • Artson Engg
  • Automotive Stamp
  • Nelco
  • Oriental Hotels