Total market cap of three top companies of the country is more than the budget of the central government. The three companies in India have a market cap of over Rs 32 lakh crore, while the budgetary estimate of central government spending in the financial year 2020-21 is Rs 30.42 lakh crore.
Reliance Industries, Tata Consultancy, TCS Services and HDFC Bank are ranked first, second and third respectively in terms of market capitalization. Reliance Industries has a market cap of Rs 12.28 lakh crore, while TCS has a market cap of Rs 12.13 lakh crore, while HDFC Bank has a market cap of Rs 8.07 lakh crore. If the market capital of all three is combined, then this amount is more than Rs 32 lakh crore, which is more than the budget of the Government of India.
If we talk about the wealth of the company group, India's leading corporate group Tata has come first in the country in market capital, while HDFC group and Reliance is in the second place.
The Tata Company group has a market cap of around Rs 17 lakh crore while that of HDFC group is around Rs 15 lakh crore.
Ajay Kedia, director of Kedia Advisory, said the performance of the Tata group has been attractive since last year. The group's market capitalization has grown by about 42 per cent in the last one year.
He said that out of the 28 listed companies of the Tata group, 18 have been very attractive in the past month and there is a possibility of further rise in Tata stock price in 2021.