Auto major Tata Motors made its entry into the list of the top-10 most valuable companies by market capitalisation (m-cap), after a sharp rally in its stock which touched a record high of Rs 405 on the Bombay Stock Exchange (BSE) in intra-day deals on Thursday. However, it settled marginally lower at Rs 398.
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With a m-cap of Rs 1,28,100 crore (Rs 1.28 trillion), Tata Motors now features at ninth rank in the list and replaces HDFC in this prestigious club. The last four sessions alone have seen Rs 7,966 crore (Rs 79.66 billion) added to its m-cap.
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The rise now put the Indian auto major ahead of fast moving consumer goods (FMCG) major Hindustan Unilever, which currently stands at number tenth position with m-cap of Rs 1,27,680 crore.
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The stock has been one of the best performers in current calendar year (CY) 2013, appreciating nearly 28%, as compared to 5.7% rise in benchmark S&P BSE Sensex.
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