Tata Sons surpasses Centre as the largest promoter of listed companies

20

Mumbai, Jan 2 | At a time when Indian equity market rallied to record high levels, Tata Sons emerged as the largest promoter of listed companies in India.

It overtook the Centre, in terms of promoter of listed companies, by the end of 2020.

Notably, the Central government has ceased to be the largest promoter of listed entities after 20 years.

The development comes both on the back of rising stake of Tata Sons in its listed entities and declining market capitalisation of state-run companies, media reports said.

Tata Sons’ stake in the conglomerate’s listed companies has increased over 34 per cent in the past one year to Rs 9.28 lakh crore, which is higher than the Government of India’s stake in public sector undertakings, Rs 9.24 lakh crore, reports said.

Centre’s stake in the PSUs declined nearly 20 per cent in the past one year.

At the end of 2020, the total market valuation of Tata group companies was Rs 15.6 lakh crore, as opposed to Rs 11.6 lakh crore in 2019. While, that of listed state-run companies by the end of 2020 stood at Rs 15.3 lakh crore, falling from Rs 18.6 lakh crore the year before.

Amid stake sales by the government, severe impact on earnings of oil and gas PSUs and stress in public sector banks shares of PSUs plunged in 2020.

Among the banks, shares of Punjab National Bank have declined around 50 per cent, those of State Bank of India declined around 19 per cent.

Shares of both energy major ONGC and Indian Oil Corp plunged 27 per cent in 2020.

In contrast, share price of Tata Consultancy services (TCS), the second largest company in terms of market capitalisation rose around 34 per cent during the same period.

The market capitalisation of TCS now stands near Rs 11 lakh crore. Tata Sons holds 72 per cent stake in TCS.

The share price of Tata Consumer Products rose 85 per cent in 2020.

Source: IANS

Next Story

Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

“Work and you’ll get what you need; work harder and you’ll get what you want”.

The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

facebook page with more than 1 million likes which he gain within very short time with his expertise.

Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

1-Create a network

Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

2-Create steady, quality posts that are relatable

Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

3-Social media showcasing/connecting websites

Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here