Business Today

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Fair Tides, Rough Seas Ahead

Business Today

ON A STRONG FOOTING • The cumulative average market capitalisation of firms on the BT500 list surged by ₹102 lakh crore, reaching a record ₹363 lakh crore—a 39% year-on-year growth. This came despite global headwinds. Launched in 1992, the BT500 list annually ranks the nation’s most valuable companies. Here are some key insights:

500 THE SURGING STARS • FIRMS THAT ARE PART OF THE BT500 UNIVERSE HAVE OVER THE PAST YEAR. BUT GOING AHEAD THESE FIRMS RGING STARS HAD A PRETTY GOOD YEAR. THE CONSOLIDATED MARKET CAP OF THESE COMPANIES JUMPED NEARLY 40% WILL HAVE TO NAVIGATE MANY CHALLENGES

THE NUTS & BOLTS • The BT500 ranking is based on a master sample of around 4,800 listed firms

MARKET CAP BEHEMOTHS • THE TATA GROUP LEADS AMONG THE CONGLOMERATES ON THE BT500 LIST OF INDIA’S MOST VALUABLE COMPANIES, IN TERMS OF AGGREGATE AVERAGE MARKET CAPITALISATION DURING THE STUDY PERIOD. AT NEARLY `30 LAKH CRORE, IT IS WELL AHEAD OF SECOND PLACED RELIANCE GROUP. THE TATA GROUP ALSO HAS THE HIGHEST NUMBER OF LISTED FIRMS IN THE BT500 LIST, AT 16. HERE’S A LOOK AT THE TOP CONGLOMERATES IN THE PRIVATE SECTOR ON THE BT500 LIST:

Win Some, Lose Some • Some firms from sectors like shipping, renewables, and railways witnessed remarkable upswings in their one-year average market valuations. But, firms in the gas transmission, power, FMCG, chemicals, diamond and jewellery sectors witnessed a decline

GROWING BIG ON TECH • Across its businesses, Mukesh Ambani-led Reliance Industries—India’s largest company by market cap—is harnessing the digital medium and technology to boost productivity and make it future-ready

THE NIMBLE GIANT • The Tata group is a heavyweight in the BT500 list of India’s most valuable companies with 16 firms, from IT behemoth TCS to Titan, Tata Motors, Tata Steel, and Trent, among others

IN TOP GEAR • R.C. Bhargava-led Maruti Suzuki jumped four places in the 2024 BT500 list thanks to a 32% increase in market capitalisation over last year. With an impending foray into EVs, the company is looking to consolidate its leadership over the passenger cars market

RECIPE FOR SUCCESS • Once dismissed as a risky bet, Zomato has defied expectations. After hitting rock bottom in July 2022, the company’s share price has reached record highs, and it has stormed into the Top 50 on the BT500 list

Decoding India Inc.’s M-cap Surge • The past year has been a testament to the resilience and dynamism of India Inc. Despite a positive outlook, there are several challenges that companies may face

CHOPPY WATERS, CALM SEAS • The banking sector remains fraught with uncertainties; however, India’s Top 3 banks—HDFC Bank, ICICI Bank, and SBI have shown remarkable resilience

GROWTH COVER • Public sector insurers have seen remarkable growth this year. But new-age insurance firms are adding vigour to the sector, setting the stage for an exciting future

THE Power Rangers • India’s power demand is set to grow at over 7% CAGR, higher than earlier estimates of 5%, with major companies ramping up investment to keep pace with future requirements

In Pursuit of Good Health • The past year has been eventful for the Indian pharma sector, with some companies witnessing growth, and some challenges. The outlook for the sector, however, remains positive

HOME RUN • After a decade-long slowdown, India’s real estate market reached its highest decadal sales level in the first half of 2024

RIDING THE WAVES • The shipping industry is on the brink of a transformation. Beyond government support and technological advancements, what are...