India’s largest business groups added significant value despite market volatility. The major business groups that performed highly are Reliance, Tata, HDFC, Bharti, Bajaj, Adani, and ICICI. All these major groups together contribute around ₹10 lakh crore to their market value. The total value of these groups is ₹122 crore, representing 60% of the Nifty 50 Index.
Reliance emerged as the best-performing champion in 2025, adding ₹4.6 lakh crore to its market capitalisation, with its stock increasing by up upto 30 per cent. This massive growth has been uplifted mainly by Jio and Retailers. When such a large company rises, it significantly lifts the entire market.
Gaurav Sharma, Associate VP and Head of Research at Globe Capital, noted the impact of this move in an interview, “When that size of a stock moves by about 27, 28 or 30 percentage points in a year, adding that have a meaningful and sizable impact on the overall markets, because this is actually a mammoth size market cap we are talking about”. He also noted that Jio has fueled growth, playing a vital role alongside other major companies.
The Bharti Group star, Bharti Airtel, has secured the second spot among companies, adding 3.5 lakh crore to investor wealth, primarily driven by its telecom business’s 36 per cent contribution. The sudden increase in Average Revenue Per User (ARPU) – from the 120 -140 levels to 250 plus has been a game changer.
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Gaurav Sharma remained optimistic, “I have been biased to the Bharti Airtel space throughout the year now. I have been hunting for dips in this particular stock to add more,” he said, adding that a 30 per cent growth is actually a much reasonable return from this stock.
