Tata Group was founded in the year 1868 by Jamsetji Tata. One of India’s largest conglomerates, this company is owned by Tata Sons. The second biggest business house in India with the highest number of companies listed on the stock exchange.
This group boasts of several industry-leading companies like TCS, Tata Motors, Tata Steel, Tata Consumers, etc. This company has been run and managed by leaders and visionaries.
To name a few, This company boasts leaders like Jamsetji Tata, JRD Tata, and Ratan Tata. One of the most socially conscious and responsible groups in the Indian business ecosystem.
Domestic Institutional Investors (DIIs) are institutional investors that invest in the financial instruments and securities of a country where they reside. DIIs include organizations such as banks, insurance companies, mutual fund houses, and local pension and provident funds.
Listed below are the stocks of Tata Group in which DIIs have increased their stake during Q3FY24:
Titan Company Ltd
With a market capitalization of Rs. 3,34,713 crores, the shares of Indian consumer goods started Thursday’s trading session on a flatter note at Rs. 3,770. During the day, the shares hit a high of Rs. 3,796.95, gaining around 1 percent and closing the day at Rs. 3,770 apiece.
Domestic Institutional Investors have increased their stake by 0.38 percent from 9.87 percent during the September quarter to 10.25 percent in the December quarter. According to the latest shareholding pattern, Promoters have a 52.90 percent stake in the company, while FIIs hold 18.89 percent of the company’s shares during the same period.
Looking at the company’s financial statement, the revenue increased by 6 percent from Rs. 11,897 crores during the June quarter to Rs. 12,529 crores in the September quarter. In addition, the net profit of the company zoomed by 22 percent from Rs. 756 crores to Rs. 916 crores during the same period.
Tata Elxsi Ltd
With a market capitalization of Rs. 47,705 crores, the shares of IT company started Thursday’s trading session on a lower note at Rs. 7,952 compared to its previous close of Rs. 7,768.45. The shares hit a low of Rs. 7,640, making a loss of around 2 percent and closing the day at Rs. 7,667 apiece.
Domestic Institutional Investors have increased their stake by 0.91 percent from 4.80 percent during the September quarter to 5.71 percent in the December quarter. According to the latest shareholding pattern, Promoters have a 43.92 percent stake in the company, while FIIs hold 15.02 percent of the company’s shares during the same period.
Looking at the company’s financial statement, the revenue increased by 4 percent from Rs. 850 crores during the June quarter to Rs. 882 crores in the September quarter. In addition, the net profit of the company improved by 5 percent from Rs. 189 crores to Rs. 200 crores during the same period.
Oriental Hotels Ltd
With a market capitalization of Rs. 2,174 crores, the shares of the hotel managing company started Thursday’s trading session on a higher note at Rs. 121.40 compared to its previous close of Rs. 120. The shares hit a low of Rs. 119.90, making a loss of around 1 percent and closing the day at Rs. 121 apiece.
Domestic Institutional Investors have increased their stake by 1.14 percent from 0.78 percent during the September quarter to 1.92 percent in the December quarter. According to the latest shareholding pattern, Promoters have a 67.56 percent stake in the company, while FIIs hold 0.69 percent of the company’s shares during the same period.
Looking at the company’s financial statement, the revenue zoomed by 13 percent from Rs. 91 crores during the September quarter to Rs. 102 crores in the December quarter. In addition, the net profit of the company magnified by 375 percent from Rs. 4 crores to Rs. 19 crores during the same period.
Written By Vaibhav Patil
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