In Budget week, five corporate houses created one-fifth of the wealth on BSE

Stocks belonging to five top corporate houses of the country — namely Tata, Reliance, Adani, Birla and Hinduja — accounted for one fifth of the incremental wealth creation on the BSE during the Budget week. Stocks belonging to these five corporate houses added a total of Rs 92,000 crore in market value during the Budget week out of the Rs 5,21,698 crore addition seen by the nearly 5,500-odd BSE-listed scrips.

From the Tata Group, 26 of its 28 listed firms contributed Rs 50,299 crore to BSE’s total market capitalisation. None of the group firms ended lower for the week. Two stocks — TCS and Tata Motors — alone added Rs 40,382 crore to the group’s wealth. At the end of the week, Tata group firms had a total market-cap of Rs 7,15,312 crore against Rs 6,65,012 crore at the end of the previous week.

The Mukesh Ambani-led Reliance group’s two listed scrips — Reliance Industries and Reliance Industrial Infrastructure (RIIL) – added Rs 18,212 crore to their combined market capitalisation (m-cap). Reliance Industries’ market capitalisation rose by Rs 18,213 crore to Rs 3,26,758 crore.
The Aditya Birla group, which has exposure to cement, retail, telecom and aluminium sectors, among others, saw its market valuation grow by Rs 9,396 crore during the week. Share of eight group companies — including UltraTech Cement, Grasim Industries, Hindalco Industries and Aditya Birla Fashion – rose up to 14%. The group’s market valuation grew by Rs 9,396 crore to Rs 1,88,478 crore during the week.

Hinduja Group’s five listed companies added Rs 8,170 crore to BSE’s total m-cap. The biggest gains were seen in IndusInd Bank and Ashok Leyland, which added Rs 5,829 crore and Rs 2,234 crore to the group’s m-cap, respectively.

Gautam Adani’s three listed firms — Adani Enterprises, Adani Ports & SEZ and Adani Power — added Rs 5,913.54 crore to group’s market value. Companies from these five houses accounted for 15% of BSE’s total market capitalisation of Rs 91,56,312 crore.