Reliance Vs Tata Vs Adani: The Most Valued Conglomerate In India Is Worth Over Rs 28 Lakh Crore, WHO IS IT?

India's most valued group, Reliance Industries has touched a new 52-week high and its market cap has crossed over Rs 19.60 lakh crore on Monday. Reliance wasn't alone, Adani Group whose chief Gautam Adani is giving neck-to-neck competition to Mukesh Ambani, also witnessed robust buying in the range of 3% to over 7%. While Reliance has already announced its Q3 results, Adani stocks are in focus ahead of their earnings.

In all fairness, Adanis and Ambanis are not the only ones to race for the title of India's most valued group in terms of market valuation. Tata Group is currently the behemoth of India with a combined market value of over Rs 28 lakh crore, far higher than Adanis and Ambanis.

However, unlike Mukesh Ambani and Gautam Adani, the Chairman Emeritus of Tata Sons, Ratan Tata does not belong to the top 50 or even top 10, top 5 world billionaires list. There are several reasons for it such as Ratan Tata does not directly own any company shares that are listed, and the majority of his wealth comes from Tata Sons which is then donated to Tata Trusts. His wealth also comes from other Tata Group companies which are not publicly traded.

Mr Ratan is one of the largest philanthropists in the world and has donated around 60-65% of his income to charity. As per 360 ONE Wealth Hurun India Rich List 2023, Ratan Tata has the highest number of followers amongst all others. His Twitter following rose by 8 lakhs in one year. Ratan's net worth is known to be around Rs 3,800 crore.

Tata Group:

Tata Sons is the principal investment holding company and promoter of Tata Companies. Sixty-six per cent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture.

Each Tata company or enterprise operates independently under the guidance and supervision of its board of directors. There are 29 publicly listed Tata enterprises with a combined market capitalisation of $300 billion (Rs 24 trillion) as of July 31, 2023, as per the Tata website.

Data further showed that this market capitalisation has risen to over Rs 28 lakh crore.

As of January 29, 2024, taking the current market value of some 18 Tata stocks, cumulatively, the capitalisation is over Rs 28.56 lakh crore. Hence, Tata Group is India's largest conglomerate. The majority of Tata Group stocks rallied today with Tata Motors, Voltas, Tata Power, Titan, Tata Investment and The Indian Hotels outperforming with an upside of 3-6%.

Tata's most valued stock is TCS with a market cap of nearly Rs 13.91 lakh crore.

However, it is not in the race for the billionaires list. And that brings us to the main contenders Adanis and Ambanis.

Adani Group:

It needs to be noted that the port-to-power empire's chief Gautam Adani has made more money in January 2024 so far. His net worth has climbed by $7.31 billion year-to-date, totalling to $91.6 billion. Adani is the nearest contentor to topple Mukesh Ambani's richest Indian and Asian title. In the initial days of January 2024, Adani Group founder outrun Ambani to become India's richest man with a net worth near $97.6 billion on January 5, as per the Bloomberg Billionaire Index.

However, Reliance Industries has shown some stellar bullish trends which has led to Mukesh Ambani earmarking the richest Indian title back from Adani.

On January 29, all Adani shares were in the green. They rose by 3-8%. Ambuja Cements and ACC shares hit new 52-week highs and jumped by 3.2% and 3.5% respectively. While NDTV and Adani Wilmar were up by 3-4%. Further, Adani Total Gas zoomed by 4.75%, while Adani Ports, Adani Power and Adani Green Energy climbed more than 5% each. Adani Energy Solutions saw the most buying with share price rising over 7%, followed by flagship company Adani Enterprises which gained by 6.8% on BSE.

Majority of Adani shares were near their 52-week highs. Adani Group's market value together rose to reach nearly Rs 15.6 lakh crore as of January 29, 2024.

It is over Rs 4 lakh crore away from surpassing Reliance Industries' market cap. Adani did enjoy over Rs 19 lakh crore mark once upon a time, however, witnessed over 100 billion dollars market rout in first quarter of 2023 after Hindenburg's scandalous report in late January 2023.

Adani stocks are recovering, and majority of them are nearing pre-Hindenburg level owing to fundraising plan, healthy growth prospectus, huge deal wins and foreign inflows.

Reliance Industries:

Coming to Reliance, it is the largest stock individually in terms of market value. On BSE, the stock price ended at Rs 2,896.15 apiece, up by 6.9% with a market cap of Rs 19.59 lakh crore. During trading hours, the stock jumped by 7.2% to a market cap crossing over Rs 19.61 lakh crore.

Riding on the bulls, Reliance's surge has also lifted Mukesh Ambani's rank to become Asia's and India's richest man with a net worth of $101 billion, up by $4.5 billion year-to-date.

Reliance shares hold about 9.11% weightage in Nifty, and about 13.08% weightage in Sensex.

That being said, Reliance is currently the most valued stock individually, while Tata Group is the largest conglomerate in India. While Adani has the potential to take on these giants.

Disclaimer: The write-up just highlights the stocks performances and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.