Tata firms beat peers in 2021; TCS share in group's combined m-cap falls

Combined m-cap of listed Tata players, excluding TCS, is up 102% this year, so far

Tata Consultancy Services’ (TCS’) contribution to the group market capitalization (m-cap) has declined to a decade low of 58.2 per cent, on the back of a sharp rally in the share prices of other key group companies, such as Tata Steel, Tata Motors, and Tata Power. TCS accounted for 67 per cent of the group m-cap at the end of December 2020 and record 75 per cent at the end of March 2020.

The combined m-cap of listed Tata companies, excluding TCS, is up 102 per cent in the current calendar year, while that of TCS is up 26 per