Of market value

With a market value of close to Rs 4,40,000 crore, the Tata Group has overtaken the the combined figure of the two Ambani groups – about Rs 3,67,000 crore. As per the latest market value of individual groups, Tatas rank on the top, followed by Mukesh-led Reliance group at second position. This marks a sharp reversal of the things seen about a year ago, when Tatas were smaller than the Mukesh Ambani group alone. Tatas have about 30 listed companies, while the Mukesh Ambani group has only two. Investors have historically preferred Reliance stocks for wealth creation, but the situation is changing drastically as both Ambani groups are giving below-market returns. Amid the dwindling investor interest in Reliance stocks, Tatas and lots of groups have also gained. These include the likes of the Birla, Mahindra, HDFC, Adani, Bharti, L&T, Jindal and Bajaj groups, experts said.