Top 10 conglomerates by market capitalization
In absolute terms, Tata Group with 28 listed entities has gained the most and accounts for Rs1.22 trillion of this market cap increase
The top 10 Indian conglomerates (by revenue) have gained nearly ₹ 3 trillion in market capitalization since 16 May 2014—when the results of the general elections came out—as the market rally has pushed up share prices of most group companies.
In absolute terms, the Tata group with 28 listed entities has gained the most and accounts for ₹ 1.22 trillion of this market cap increase. The Hinduja group, with four listed companies, has seen the highest jump in market cap since May, an increase of almost 73%.
The only exception is Mukesh Ambani-owned Reliance group, which has not benefited from the rally. The group lost ₹ 52,538 crore in market value, primarily because of the underperformance of Reliance Industries Ltd.
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