Tata Chemicals, Tata Steel, Taj GVK Hotels and Resorts, Titan, Tata Motors, Tata Coffee and Tata Investment Corporation are a few Tata group companies in which mutual funds increased their stake on a quarterly basis.
Tata Chemicals
The company manufactures inorganic chemistry products with plants spread across four continents America, Europe, Africa and Asia. Mutual Funds increased their stake in the company by 1.69% or 169 basis points. Tata Chemicals’ shares were trading at ₹ 1010 levels on Tuesday and the company has a market capitalization of ₹ 25,755 crores.
Tata Steel
Tata Steel, Asia’s first integrated private steel company has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. Mutual Funds increased their stake in the company by 0.87% or 87 basis points. The company’s shares were trading at ₹ 113 levels on Tuesday and it has a market capitalisation of ₹ 1,36,319 crores.
TajGVK Hotels & Resorts
TajGVK Hotels & Resorts is a joint venture between the Hyderabad-based GVK Group and Indian Hotels Company Limited (IHCL). It is engaged in owning, operating & managing hotels, palaces and resorts under the brand name of “TAJ”. Mutual Funds increased their stake in the company by 0.53% or 53 basis points. The company’s shares were trading at ₹ 180 levels on Tuesday and it has a market capitalisation of ₹ 1,132 crores.
A few other companies in which mutual funds increased their stake are:
| Company | September 2022 (%) December 2022 (%) Percentage Increase (%) |
| Tata Chemicals Ltd. | 8.68 10.37 1.69 |
| Tata Steel Ltd. | 7.31 8.18 0.87 |
| Taj GVK Hotels & Resorts Ltd. | 3.46 3.99 0.53 |
| Titan Company Ltd. | 5.13 5.54 0.41 |
| Tata Motors Ltd. | 6.54 6.94 0.40 |
| Tata Coffee Ltd. | 2.95 3.07 0.12 |
| Tata Investment Corporation Ltd. | 0.02 0.03 0.01 |
Meanwhile, mutual funds decreased their stake in Tata Teleservices (Maharashtra), Tata Communications, Tata Consultancy Services, Tata Elxsi, Tata Consumer Products, Voltas, The Indian Hotels Company, and Tata Power Company.
Source for the data in the table: TradeBrains Portal
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