On February 6, the combined market capitalization of the shares of Tata Group firms exceeded ₹30 lakh crore. With this, the Tata group—which includes Indian Hotels, Tata Consultancy Services, Tata Motors, and Tata Power—became the first conglomerate in India to reach such a milestone.
How have the stocks of the Tata Group companies done in 2024?
Tata Consultancy Services Ltd. has increased by more than 9% thus far in 2024, while Tata Motors Ltd. has increased by more than 20%. Conversely, Indian Hotels saw a 16 percent increase and Tata Power saw an 18% increase. Twenty-four of the Tata Group’s companies are listed on markets; Tejas Network, Tata Elxsi, and Tata Chemicals have all seen price drops of more than 10%.
The new high for TCS on the stock market?
On February 5, TCS announced a 15-year relationship expansion with Aviva, a leading UK insurance company, with the goal of transforming the “UK Life business.” This news sent TCS shares to all-time highs, rising more than 4 percent to a market worth of ₹15 lakh crore.
About Tata Motors
solid profitability, along with other variables like the impact of the shortage of semiconductor chips lessening, cheaper raw material prices, and solid demand, are what drove the recent jump in Tata Motors’ stock price. The company’s YoY volume growth was 27%, while its YoY revenue growth was 22%, with the Jaguar Land Rover (JLR) segment reporting an astounding 16.2% margin.
