Ratan Tata: TCS, Tata Motors, Tata Power, Tata Steel Among Tata Group Stocks To Watch Today

Following the sad demise of former Tata Group chairman Ratan Tata, shares of the business conglomerate, including Tata Consultancy Services (TCS), Tata Power, Tata Steel, Tata Motors, Trent Limited, and Titan, will be closely watched on Thursday’s trading session.

Previously, Rata Tata led the high-profile acquisition of Tetley, Corus, Jaguar Land Rover, Brunner Mond, General Chemical Industrial Products and Daewoo, which helped Tata Group become a global pioneer in the automobile industry. In 1991, he took up the baton from JRD Tata to become the Chairman of Tata Sons and Chairman of Tata Trusts. Tata companies are promoted by Tata Sons, and 66% of the stakes are held by charitable trusts that promote education, health, livelihood generation, art, and culture.

V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “Investors can pay tribute to Ratan Tata and the great corporate empire he built by buying stocks like TCS, Tata Motors, Tata Steel, Tata Consumer, and Indian Hotels. Ratan Tata, while pursuing the group’s growth, contributed substantially to India’s growth, and millions of ordinary investors gained from the great man’s vision."

He added, "In a bull market like the present one, there will always be valuation concerns. But great companies like the ones Ratan Tata built will create wealth for investors in the long run."

During 2023-24, Tata companies raked in more than $165 billion in revenue. These companies employ over a million people. As of March 31, 2024, the market capitalisation of over 26 publicly listed Tata enterprises stood at more than $365 billion.

Natarajan Chandrasekaran, the chairman of Tata Sons and Tata Group, said in an overnight statement: “It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata. His immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation.”

Previously, Ratan Tata dismissed the concerns about this death by affirming that his hospital stay was for routine age-related checks. However, his sudden demise has left an indelible mark on the country’s business landscape.

As of now, Tata stocks have given significant returns to the investors, with its 16 shares clocking double-digit returns on a year-to-date (YTD) basis. While Trent surged by 168%, TRF TRF, Voltas, Automobile Corporation of Goa Ltd, The Indian Hotels Company Ltd, and Tata Investment Corporation Ltd have surged in the range of 50%-90% on a year-to-date basis. On the other hand, Titan Company Ltd, Benares Hotels Ltd, Tata Technologies Ltd, Tata Elxsi Ltd and Tata Teleservices (Maharashtra) Ltd have given negative returns between 5%-13% in 2024 so far.