Ratan Tata’s car company becomes the ‘queen’ of the market, assets more than Rs 3.14 lakh crore
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New Delhi: Tata Motors, the vehicle manufacturing company of Ratan Tata, India’s veteran and philanthropist industrialist and honorary chairman of Tata Sons, has become the queen in terms of market capitalization by defeating its rival company Maruti Suzuki. With this, this company, which makes and sells affordable and durable cars to the common citizens of the country, has become India’s most valuable vehicle manufacturing company. Talking about its market capitalization, till Tuesday the market capitalization of this company stood at Rs 3,14,635.06 crore, whereas its rival company Maruti Suzuki India has a market capitalization of up to Rs 3,13,058.50 crore. In this respect, Maruti Suzuki became the second most valuable vehicle manufacturer.
Tata Motors overtakes Maruti Suzuki
According to media reports, Tata Motors on Tuesday became the country’s most valuable automobile company in terms of market capitalization (market cap). It has left Maruti Suzuki India (MSI) behind in this matter. The market capitalization of the company includes DVR (Differential Voting Rights) shares in addition to its valuation.
Tata Motors shares rise in BSE
The report said that Tata Motors shares rose 2.19 percent to Rs 859.25 on BSE on Tuesday. During trading it jumped 5.40 percent to Rs 886.30 per share. DVR share of Tata Motors Limited reached Rs 572.65 with a gain of 1.63 percent. At the same time, Maruti shares closed at Rs 9,957.25 with a fall of 0.36 percent.
who has how much property
The report also states that the mcap of Tata Motors stood at Rs 2,85,515.64 crore while the market capitalization of Tata Motors Limited DVR stood at Rs 29,119.42 crore. Overall it was Rs 3,14,635.06 crore. This is Rs 1,576.56 crore more than Maruti’s valuation of Rs 3,13,058.50 crore. Tata Motors was among the most profitable companies among Sensex and Nifty companies.
what is dvr
DVR (Differential Voting Rights) shares are like ordinary equity shares, but have different voting rights and dividend rights. Companies issue DVRs for reasons such as preventing forced acquisitions, connecting retail investors, etc.
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