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Bajaj fifth group to achieve Rs 10 trillion in market value
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Bajaj Group surpassed Rs 10 lakh crore on Tuesday, making it the fifth conglomerate 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.
This surge can be attributed to the robust performance of three companies — Bajaj Auto, Maharashtra Scooters and Bajaj Finance.
Bajaj Auto’s shares have rallied 70% this year, while Maharashtra Scooters advanced 74%. The conglomerate’s flagship entity, Bajaj Finance, has gained 14%, and Bajaj Finserv has risen 10%.
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