Synopsis: Tata Group stocks have experienced strong growth in 2024, with 16 stocks delivering double-digit returns year-to-date. However, following the passing of Ratan Tata, several stocks, including TCS, Tata Power, Tata Steel, and Tata Motors, traded in a range on Thursday.
Tata Group stocks have been performing well in 2024, with several companies providing investors with notable returns.
As of this year, 16 of these stocks have delivered double-digit gains, demonstrating the strength and resilience of the group.
However, following the sad demise of Ratan Tata, the former chairman of Tata Sons, some key stocks experienced minor fluctuations in early trading on Thursday morning.
TCS Performance:
Tata Consultancy Services Ltd (TCS), one of the flagship companies of the Tata Group, traded on a flat note after opening lower at Rs. 4248.05 on the BSE.
By 9:36 am, the stock was trading slightly higher at Rs. 4269.50.
TCS is set to announce its Q2 earnings later in the day, a key event that could influence stock movement.
The company’s market capitalization currently stands at an impressive Rs. 15.43 lakh crore, with a trading volume of 6,879 shares, resulting in a turnover of Rs. 3 crore on the BSE.
Tata Power Movement:
Shares of Tata Power also opened lower at Rs. 457.05, compared to the previous close of Rs. 460.90 on the BSE. Despite the initial dip, the stock recovered, trading 1.20% higher at Rs. 466.45 by 9:40 am.
The market capitalization of Tata Power stood at Rs. 1.48 lakh crore, and a trading volume of 4.10 lakh shares resulted in a turnover of Rs. 18.94 crore.
Tata Steel's Stability:
Tata Steel shares mirrored the pattern of other Tata Group stocks, opening lower at Rs. 157.35 compared to the previous close of Rs. 159.
However, by 9:44 am, the stock had regained momentum, trading 0.82% higher at Rs. 160.30.
The company’s market capitalization stood at Rs. 2 lakh crore, and a total of 7.94 lakh shares changed hands, contributing to a turnover of Rs. 12.64 crore on the BSE.
Tata Motors Stock Overview:
Tata Motors experienced relatively stable trading on Thursday.
The stock opened at Rs. 941.50, with a market capitalization of Rs. 3.46 lakh crore.
By 10:08 am, the stock was up by 0.25%.
A total of 7.16 lakh shares were traded, generating a turnover of Rs. 66.70 crore.
Noteworthy Performers in 2024:
Despite the turbulence caused by Ratan Tata's passing, Tata Group stocks have delivered decent returns throughout 2024.
Among the top performers, Trent surged by 168%, followed by gains of 50-90% in TRF, Voltas, Automobile Corporation of Goa Ltd, The Indian Hotels Company Ltd, and Tata Investment Corporation Ltd.
These companies have rewarded investors with impressive growth rates in the stock market this year.
Underperformers in 2024:
However, not all Tata Group stocks have fared as well in 2024.
Titan Company Ltd, Benares Hotels Ltd, Tata Technologies Ltd, Tata Elxsi Ltd, and Tata Teleservices (Maharashtra) Ltd have delivered negative returns, ranging from 5% to 13% so far this year.
Despite this, the overall performance of Tata Group companies has been positive, reinforcing their strong market presence.
A Legacy Remembered:
The passing of Ratan Tata, a legendary figure who transformed the Tata Group into a global powerhouse, marks the end of an era for Indian industry.
Ratan Tata’s leadership and vision were instrumental in elevating the Tata Group to new heights, impacting both India's industrial landscape and the world stage.
In conclusion, despite the market fluctuations in the wake of Ratan Tata's passing,
Tata Group stocks have exhibited resilience, reflecting the robust foundation he helped build.
The market's focus remains on the Group’s core fundamentals and upcoming earnings reports, with investors keenly observing how Tata Group stocks will continue to perform in the near future.
While some stocks have delivered stellar returns in 2024, others have underperformed, emphasizing the need for a balanced approach to investment in the Group's diverse portfolio.
Disclaimer: This article is intended for informational purposes only and should not be considered as financial advice. Investors are encouraged to seek guidance from a certified financial advisor before making any investment decisions.
