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The Government of Singapore is a prominent investor in Indian equities through the foreign institutional investors’ platform. As per the latest corporate shareholdings filed, the Government Of Singapore publicly holds 54 stocks with a net worth of over Rs. 249,154.6 crores. 

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. Moreover, it is one of the most socially conscious and responsible groups in the Indian business ecosystem. 

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Listed below are the Tata group stocks in which the Government Of Singapore have bought fresh stakes during Q4FY24: 

Titan Company Ltd 

With a market capitalization of Rs. 3,22,777 crores, the shares of the consumer goods company started Wednesday’s trading session on a higher note at Rs. 3,642, compared to its previous close of Rs. 3,633. During the trading session, the shares hit a high of Rs. 3,644.85, gaining around 1 percent and are currently trading at Rs. 3,643 apiece. 

Looking at the company’s financial statements, the revenue increased by 13 percent from Rs. 12,529 crores during the September quarter to Rs. 14,164 crores in the December quarter. In addition, the net profits zoomed by 15 percent from Rs. 916 crores to Rs. 1,053 crores during the same timeframe. 

According to the BSE data, the Government of Singapore bought a fresh stake in the company’s shares during the recent quarter by acquiring approximately 93.75 lakh equity shares equivalent to a 1.05 percent stake and the current holding value of his investment amounts to Rs. 3,398.9 crores. 

Indian Hotels Co Ltd 

With a market capitalization of Rs. 86,402 crores, the shares of the hospitality company started Wednesday’s trading session on a higher note at Rs. 609.60 compared to its previous close of Rs. 604.30. During the trading session, the shares hit a high of Rs. 611.55, gaining around 2 percent and are currently trading at Rs. 610 apiece. 

Coming onto the company’s financial statements, the revenue zoomed by 37 percent from Rs. 1,433 crores during the September quarter to Rs. 1,964 crores in the December quarter. In addition, the net profits magnified by 166 percent from Rs. 179 crores to Rs. 477 crores during the same period. 

According to the BSE data, the Government of Singapore bought a fresh stake in the company’s shares during the recent quarter by acquiring approximately 1.67 crores equity shares equivalent to a 1.17 percent stake and the current holding value of his investment amounts to Rs. 1,009.5 crores. 

Previously, the FII had entered into the company’s shares in December 2022 but divested entirely from the position by June 2023.

Written By Vaibhav Patil

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