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HDFC Group Tops As the Most Valuable; Surpasses Tata Group In M-Cap
The HDFC group has surpassed the Tata group to become the most valuable in terms of market cap. The market cap of a stock or a company is the total of its market share price and the number of outstanding shares.
As per a leading business dailies report, the combined m-cap of 5 of HDFC group companies stood at Rs. 11.66 lakh crore, Rs. 2000 crore higher than the aggregate of Tata group stocks as on May 20, 2019.
But this was the way opposite one and a half year back when the Tata group commanded an m-cap of Rs. 9.6 lakh crore whereas for HDFC group it stood at Rs. 8.4 lakh crore.
Tata-owned JLR has been dragging the group for three-straight quarters now and barring TCS and Titan, the company has reported a sharp fall in m-cap. And the biggest of all the threat to the group is that the company is under a huge debt worth of $37 billion currently.
