Friday, 21 November 2014

Improvement in Market Fortunes of Tata Group Companies

The latest business news in Hindi today reports of a witnessed improvement in the fortunes of one of the countries biggest and versatile business houses the Tata group of companies. With expected surge and change in the country’s economy some of the businesses are seeing tremendous and marked turn around in fortunes and improved quarterly financial results. Going by the stated results of July to September these encouraging and formidable results come with a sweet tooth effect for the much needed and anticipated turn around in India’s economy.

According to HSBC investment bank data and reports, while some business houses saw good results there have been some that have seen a stagnation or recession and it’s all in the best interests to see the marked reasons prevailing in Indian economy right now.

Quarterly Appraisals for Some Business Houses (Jul-Sept)

Business House                    Quarterly Figures (Jul-Sept)
Mukesh Ambani Group         51,629 Crores (Less Capital) 
Reliance Industries Ltd          22,275 Crores (Less Capital)
Anil Ambani Group                                               
Reliance Power                    10,659 Crores (Capitalization)
Tata Group                          77,143 Crores (More Capital)   
TCS                                    62,433 Crores (More Capital)

Going by these figures and results there are gainers and winners yet the new trends and draws still cast more positive aspect for the Indian economy overall. It’s a winning trend for the Tata group of companies most advanced valuable company the TCS, Tata Consultancy Services. Even with the drab and regressed figures for Ambani Group it still holds 3.16 Lakh Crores market capitalization.          

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