Tata Consumer becomes sixth Tata Group stock to surpass ₹1 lakh crore market cap

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₹1 lakh crore, making it the sixth firm to achieve this milestone. During Friday's trading session, Tata Consumer stock recorded a 3.8% increase, propelling it past this significant market capitalization threshold.

Besides Tata Consumer, several other Tata Group companies, including Tata Consultancy Services (TCS), Titan, Tata Motors, Tata Steel, and Trent, have surpassed the market capitalization threshold of ₹1 lakh crore. Notably, Trent achieved this milestone in December, becoming the fifth Tata Group listed company to do so.

Also read: Stock Market Today: Sensex, Nifty 50 snap 5-day winning streak on year's last trading day, rise 20% in 2023 As of 12:10 pm, Tata Consumer Products' market capitalization reached ₹1,00,203 crore. TCS leads the pack with a market cap of ₹13.91 lakh crore, trailed by Titan ( ₹3.26 lakh crore), Tata Motors ( ₹2.63 lakh crore), and Tata Steel ( ₹1.71 lakh crore).

The consumer goods stock witnessed a nearly 4% surge, reaching the day's high of ₹1,081.8, following the announcement that Tata Coffee (TCL) and Tata Consumer Products (TCPL) had set January 15, 2024, as the record date for their merger, scheduled to take effect from January 1. This merger, encompassing all Tata Coffee businesses merging with Tata Consumer Products, is part of a strategic reorganization plan aimed at unlocking synergies and operational efficiencies within the company.