In a good news for the Aditya Birla Group and its shareholders, it has now entered the top valuation league with a market cap of over USD 50 billion post listing of financial services arm Aditya Birla Capital (ABCL), but Tatas remain on top with over USD 132 billion.
The combined market valuation of the Kumar Mangalam Birla-led listed companies now stands at Rs 3,42,354.87 crore (USD 53.5 billion) at the end of Friday’s trade. Among various listed companies of the Aditya Birla group, UltraTech Cement’s valuation stood at Rs 1,10,097.70 crore at the end of Friday’s trade while that of Grasim Industries was Rs 76,881.73 crore.
The group overall has some good news in store as the newly-listed Aditya Birla Capital’s market capitalisation was over Rs 55,000 crore, Hindalco (Rs 54,607.09 crore), Idea Cellular (Rs 32,064.91 crore), Aditya Birla Fashion and Retail (Rs 13,155.73 crore) and Aditya Birla Money (Rs 547.71 crore). Among Indian conglomerates and companies, the Tata group remains still on the top in terms of total valuation of listed firms with about Rs 8,46,567 crore (USD 132.5 billion).
With Tata being a major player in the business world, there are 29 publicly-listed Tata group companies, including Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices and Titan.
The Tatas are closely followed by the HDFC group whose three listed companies have a combined market value of Rs 7,54,542.26 crore (USD 117 billion). The Mukesh Ambani-led Reliance group has a total market valuation of Rs 5,24,011.39 crore (USD 81.9 billion). Meanwhile, shares of Aditya Birla Capital (ABCL) got listed on the bourses on Friday and later fell by 5 per cent to hit its lowest trading permissible limit for the day.
Indian companies and businesses in recent times have slowed down due to GST and demonetisation, but over the last week, both the Sensex and the Nifty surged 296.17 points, or 0.93 per cent, and 117.35 points, or 1.19 per cent, respectively.
