Friday, Jun 02, 2023 | New Delhi 31*C

Ratan Tata has fallen heavily on the whole of Pakistan, if you don't believe, see the proof

Tata Group's market cap has become more than the total GDP of Pakistan. According to the information, the total market cap of Tata Group has reached 365 billion dollars i.e. 30.3 lakh crore rupees. On the other hand, according to the IMF, Pakistan's total GDP has been $341 billion.
9 Month ago

Many Tata Group companies have given tremendous returns in the last one year. Due to which the market cap of the group has increased. The special thing is that the market cap of Tata Group has become more than the total GDP of Pakistan. According to the information, the total market cap of Tata Group has reached 365 billion dollars i.e. 30.3 lakh crore rupees. On the other hand, according to the IMF, Pakistan's total GDP has been $341 billion. If we talk about TCS, the largest company of Tata Group, its valuation has increased to 170 billion dollars i.e. more than 15 lakh crore rupees. Which is the second largest company in India.

Tata group companies did amazing

The main reason for the increase in Tata Group's m-cap is the tremendous rise in the shares of the group companies in the last one year. Apart from multibagger returns in Tata Motors and Trent, shares of Titan, TCS and Tata Power have risen tremendously in the past one year. At least 8 Tata companies, including the recently listed Tata Technologies, have seen their valuations double in the last one year. These include TRF, Trent, Banaras Hotels, Tata Investment Corporation, Tata Motors, Automobile Corporation of Goa and Artson Engineering.

There are 25 companies listed in Tata Market

At least 25 Tata companies are listed on the stock market, of which only one (Tata Chemicals, down 5 percent in a year) has seen a decline in valuation. If the estimated market cap of unlisted Tata companies like Tata Sons, Tata Capital, Tata Play, Tata Advance Systems and the airlines business (Air India and Vistara) is taken into account, the total market cap could rise to around $170 billion.

The IPO of these companies will come

Tata Capital, which is slated to launch its IPO by next year under RBI guidelines, is valued in the unlisted market at Rs. 2.7 lakh crores. Last year, Tata Sons was valued at around Rs. 11 lakh crore was estimated. Tata Sons' IPO may come up by September 2025 as per RBI rules. Notably, Ratan Tata has less than 1 percent stake in Tata Sons. Tata Play has already received SEBI's approval for the IPO but the timeline is yet to be announced.

Pakistan's economy is in bad condition

The current size of India's GDP is around $3.7 trillion. If we look at the numbers, India's GDP is almost 11 times bigger than Pakistan's economy. By FY 2028, India could become the world's third largest economy, surpassing both Japan and Germany. Currently India is the 5th largest economy in the world.

On the other hand, Pakistan's GDP growth in FY 2022 was seen at 6.1 percent. While a year ago this figure was 5.8 percent. It is now estimated that Pakistan's growth rate may decline in FY 2023 due to heavy losses due to floods.

According to the data, the country has foreign loans and debt of 125 billion dollars. Pakistan has to repay foreign loans of 25 billion dollars in the month of July. For which he was running for a long time. On the other hand, the IMF's $3 billion program is also ending next month. Pakistan's foreign exchange reserves are around $8 billion, which can buy essential imported goods for only two months.

Download App from
playstore
appstore

Cryptocurrency News

Bitcoin Price
₹ 23,15,263 -2.89%
Bitcoin Price
₹ 23,15,263 +2.89%
Bitcoin Price
₹ 23,15,263 +2.89%

Advertisement