Tata vs Reliance Industries vs Adani: Which conglomerate made stock market investors richer in 2025
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India's Tata Group has had a difficult 2025 in the stock market, emerging as the weakest performer among the country's top conglomerates. While peers such as Reliance, Adani and HDFC are likely to end the year with higher overall market value, the Tatas saw a meaningful erosion, dragged down by sharp losses in several key businesses. Data from Ace Equity shows that the combined market cap of listed Tata companies fell from about Rs 30 lakh crore at the end of 2024 to nearly Rs 26.3 lakh crore, eroding over Rs 3 lakh crore (adjusted for ex-CV business) in market value. This decline stands in contrast to Reliance and Adani, both of which saw an expansion in group market cap of Rs 4.7 lakh crore and 1.4 lakh crore, respectively over the same period. Even HDFC group stocks also posted gains despite mixed performance among individual stocks. Why Tata Group suffered in stock market in 2025 The underperformance of Tata stocks was broad-b...