With the exception of Tata Tech, the total market capitalization of all Tata stocks increased by Rs 9.15 lakh crore to Rs 29.62 lakh crore. This results in an almost 45% profit.
Tata equities delivered an astounding 85% return on average over the course of the fiscal year. Institutional investors who have been valuing holding businesses below the fundamental value of their holdings have been disregarded by retail investors.
Tata Investment Corporation went 257% higher and was the best gainer in the pack despite being a holding company. Tata Chemicals, on the other hand, finished 11% ahead.
The stock increased 136% in FY24 as a result of a robust turnaround in Tata Motors’ India operations’ and Jaguar Land Rover’s profits performance. Tata Power’s market value jumped to Rs 1.26 lakh crore, a rise of more than 107%.
Tata Technologies’ shares, which went public in November of last year, are currently trading at a 100% premium over the price of their IPO.
Tata Steel’s 49%, Titan’s 51%, Tata Consumer’s 54%, and TCS’s 21% higher at year’s end.
“It is a coincidence. I buy shares of companies…But, ever since Mr Chandra (Tata Group Chairperson N Chandrasekaran) took over and I understood him and what he’s trying to do, I got extremely bullish.”
Rakesh Jhunjhunwala
The salt-to-software conglomerate plans to list its companies as initial public offerings (IPOs) in the next two to three years for Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing, and Tata Batteries, according to story earlier this week.