Tata Steel's market capitalisation slips below Titan among group firms

M-cap falls 11% in 2 weeks to Rs 1.32 trn, against watchmaker's Rs 1.41 trn

As the rally in metal stocks loses steam, Tata Steel’s market capitalisation has once again fallen below that of Titan Company. Earlier this month, the steel major overtook Titan to become the second largest company in the Tata Group after Tata Consultancy Services (TCS).

On Thursday, Tata Steel closed with a market capitalisation of around Rs 1.32 trillion against Titan’s m-cap of Rs 1.41 trillion. In the last two weeks, Tata Steel has lost nearly 11 per cent of its m-cap after hitting an all-time high of Rs 1.48 trillion on May 11. In the same period, Titan’s m-cap rose 11