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Tata group mkT Cap tops $1bn

Tata group’s stock market wealth on Friday crossed the $100-billion mark, as some of its companies including IT giant TCS gained in a weak Mumbai market.

autos Updated: Jul 01, 2011 22:08 IST

PTI
Hindustantimes
         

Tata group’s stock market wealth on Friday crossed the $100-billion mark, as some of its companies including IT giant TCS gained in a weak Mumbai market.

The cumulative market capitalisation of all listed companies of the Ratan Tata-led group rose to Rs 4,47,351 crore, based on their share prices at the BSE.

Taking into account the day’s RBI reference rate for the US dollar at Rs 44.6/$, this translates into total market valuation of $100.33 billion. It was Rs 446,420 crore ($99.8 billion) on Thursday.

First Published: Jul 01, 2011 22:07 IST

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