TATA Group is one of India’s largest conglomerates, comprising 30 companies across ten verticals. The group operates in over 100 countries across six continents.
Tata Sons is the principal investment holding company and promoter of Tata Companies. The group imprints are found in a wide range of sectors. As of March 31, 2024, there are 26 publicly traded Tata companies with a total market value of $365 billion (Rs 24 trillion).
Here are three Tata Group stocks that have delivered returns of up to 130% in 2024
TRF Ltd
TRF Ltd is a small-cap company with a market capitalization of Rs 565 crore. On Wednesday, the company’s shares opened at Rs 509.40 per share, up 2 percent from the previous close price.
The company’s share price rose from Rs 254 to its current level, yielding a 97 percent return. Consequently, an investment of Rs 1 lakh at the beginning of 2024, would now be valued at Rs 1.97 lakhs.
TRF revenue has declined by 21 percent year on year, from Rs 177 crore in FY22-23 to Rs 140 crore in FY23-24. During the same timeframe, Net profit has significantly decreased by 61 percent from Rs 89 crore to Rs 35 crore.
TRF Ltd undertakes turnkey projects of material handling for the infrastructure sector and is engaged in the production of such material handling equipment along with providing services relating to design and engineering, supervision, etc.
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Trent Ltd
Trent Ltd is a large-cap company with a market capitalization of Rs 2,00,754 crore. On Wednesday, the company’s shares opened at Rs 5,666.80 per share, down 1.76 percent from the previous close price.
The company’s share price has risen from Rs 3,002 to its current level, resulting in a return of 88 percent. Therefore, an investment of Rs 1 lakh at the beginning of 2024 could now be worth Rs 1.88 lakhs!
Trent’s revenue has increased by 50 percent year on year, from Rs 8,242 crore in FY22-23 to Rs 12,375 crore in FY23-24. During the same timeframe, Net profit has significantly increased by 275 percent from Rs 394 crore to Rs 1,477 crore.
Trent Ltd is engaged in retailing of apparel, footwear, accessories, toys, games, food, grocery & non food products through various of its retail formats/ concepts.
Automotive Stampings & Assemblies Ltd.
Automotive Stampings & Assemblies Ltd is a small-cap company with a market capitalization of Rs 1,537 crore. On Wednesday, the company’s shares opened at Rs 970.70 per share, down 1.14 percent from the previous close price.
The company’s share price has risen from Rs 401 to its current level, delivering multibagger returns of 130 percent. As a result, an investment of Rs 1 lakh at the start of 2024 would now be worth Rs 2.80 lakh
The Automotive Stampings & Assemblies revenue has increased by 6.2 percent year on year, from Rs 828 crore in FY22-23 to Rs 880 crore in FY23-24. During the same timeframe, Net profit has significantly increased by 150 percent from Rs 8 crore to Rs 20 crore.
Automotive Stampings & Assemblies Ltd mainly manufactures sheet-metal stampings, welded assemblies, and modules for passenger cars and commercial vehicles (largely for Tata Motors Limited) those products account for more than 95% of the total revenue.
Written by Omkar Chitnis
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