Market capitalisation of Bajaj Group tops Rs 10 trn for first time

The market capitalization (mcap) of the Bajaj group of companies crossed Rs 10 trillion for the first time on Monday. Only four other business groups currently have an mcap of more than Rs 10 trillion. These are the Tata Group, the Mukesh Ambani-led Reliance Group, HDFC and the Adani Group.

All five listed companies belonging to the now defunct Rahul Bajaj-Group ended with gains amid a rally in the market. At the end, these holdings amounted to Rs 10.2 trillion. Bajaj Finance, the group's most valuable company, rose 2 percent, the second most valued Bajaj Finserv rose 0.6 percent and Bajaj Auto gained 2.5 percent. The group's holding company Bajaj Holdings & Investment climbed almost 7 percent.