From Bajaj To Tata: 5 Indian Business Groups In Rs 10 Lakh Crore Market Cap Club

With India¡¯s stock market indices Sensex and Nifty hitting fresh all-time highs on two consecutive days this week (Monday and Tuesday), it has been a joyous week for investors. The stock market surge this week has also seen a new entrant in the small list of Indian business groups that have hit the Rs 10 lakh crore market cap.

Which Business Group Has Entered The Rs 10 Lakh Crore List?

fortune

Bajaj group on Tuesday became only the fifth conglomerate to hit the Rs 10 lakh crore (Rs 10 trillion) mark. The market capitalisation of the Bajaj Group surpassed Rs 10 lakh crore on Tuesday, making it the fifth business group to achieve this milestone after Tata Group, Reliance Industries, HDFC Bank, and Adani Group. The Bajaj Group has gained nearly 21% in overall market value since January 1, as per ET.

Why Are Bajaj Group Shares Surging?

This surge in Bajaj group stocks can be attributed to the robust performance of the three companies ¡ª Bajaj Auto, Maharashtra Scooters and Bajaj Finance. Bajaj Auto¡¯s shares have rallied 68% this year to date, while Maharashtra Scooters have surged nearly 70%. Bajaj group's flagship entity, Bajaj Finance, has gained 13%, and Bajaj Finserv has risen nearly 10%.

Among the Bajaj group firms, Bajaj Finance holds a market capitalisation of Rs 4.57 lakh crore, Bajaj Finserv has Rs 2.72 lakh crore, Bajaj auto has Rs 1.71 lakh crore, whereas Bajaj holdings' subsidiary Maharashtra Scooters has a current market cap of Rs 0.91 lakh core (at the time of writing this report today morning).

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Also Read: Bitcoin's Price Surge Makes Its Market Cap Bigger Than Tesla & Berkshire

Who All Make It To The Rs 10 Lakh Crore Market Cap Club?

Bajaj group has become the fifth Indian conglomerate to hit the Rs 10 trillion (Rs 10 lakh crore) market cap. Here's the list of all Indian business groups that have achieved that feat to date with a market cap of Rs 10 lakh crore or more:

1. Tata Group

humansofbombay

Current market cap: Rs 25.5 lakh crore

Also Read: List Of Tata Group Chairmen

2. Reliance Industries

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Current market cap: Rs 16.6 lakh crore

3. HDFC Bank

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Current market cap: Rs 12.3 lakh crore

4. Adani Group

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Current market cap: Rs 14 lakh crore

5. Bajaj Group

ET/agencies

Current market cap: Rs 10 lakh crore

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