The year 2022 saw a number of stocks deliver high returns to their investors. Not only did the stocks make a new high but also the benchmark indices crossed certain important levels. As we approach the year-end, here is a list of 4 stocks under the Tata group that rallied the most:
Indian Hotels Company Limited
The shares of Indian Hotels Company started the year at Rs 184 levels. From those levels, the stock scaled by more than 71 percent to end at Rs 314 levels on Thursday. The major rally was seen from June around the same time when it traded at Rs 215 levels up to current levels logging a return of 47 percent in the period.
The Indian Hotels Firm Limited, part of the Tata group, is an Indian hospitality company that maintains a network of hotels, resorts, jungle safaris, palaces, spas, and in-flight culinary services. Its brand portfolio includes Taj, Vivanta, Seleqtions, and Ginger.
Benares Hotels Limited
The shares of Benares Hotels traded at Rs 1,800 levels at the start of the year on the NSE. Since then it has gained more than 50 percent YTD to end at Rs 2,699. levels on Thursday. During the year, the stock rose to a high of Rs 3,248.
Benares Hotels Ltd, a subsidiary of The Indian Hotels Company Limited, operates Taj Ganges and Taj Nadesar Palace in Varanasi and The Gateway Hotel, Gondia in Maharashtra.
Tata Investment Corporation Limited
The shares of Tata Investment Corporation traded at Rs 1,413 levels in January 2022 on the NSE. Since then it has gained more than 49 percent YTD to end at Rs 2,095 levels on Thursday. During the year, the stock rose to a high of Rs 2,883.40 in September.
Tata Investment Corporation Ltd is a non-banking financial company that is primarily engaged in the business of investment in listed and unlisted equity shares, debt instruments, mutual funds, etc. The company invests in multiple Tata group companies.
Oriental Hotels Limited
The shares of the Tata group hotel company started the year at Rs 46.55 levels. On Thursday, the stock closed at Rs 72.50 a piece logging a return of 56 percent YTD. It reached a new 52-week high of Rs 88.20 in November this year.
Oriental Hotels Ltd, another subsidiary of the Indian Hotels Company Ltd, is primarily engaged in the business of owning, operating & managing hotels, palaces, and resorts mostly in the Southern states of India.
Written by Anoushka Roy
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