There is a huge list of entities under the Tata universe that showcased decent growth in stock prices during the YTD period. Out of the bunch, listed below are the top three best-performing stocks delivering YTD returns of up to 81 percent:
Tejas Networks Limited
With a market capitalization of Rs 13,714 crores, the stocks of Tejas Networks Limited started their trading session on Thursday at Rs 813.50 and currently trade at Rs 808, slipping around 0.50 percent as compared to the previous closing price of Rs 812.20 apiece.
Year-To-Date, the company’s scrip has gained around 33 percent ranging from Rs 606.40 in the month of January 2023 to the current price levels.
Coming onto the financials, the company has increased its operating revenues from Rs 550 crores during FY21-22 to Rs 919 crores during FY22-23. Moreover, the company has been successful in reducing its net losses from Rs 62 crores to Rs 36 crores.
Tejas Networks Limited is engaged in the business of designing and manufacturing high-performance products for the purpose of building high-speed communication networks carrying data, voice, and video traffic from mobile, fixed-line, and broadband networks.
Tata Motors Limited
With a market capitalization of Rs 2.07 Lakh crores, the stocks of Tata Motors Limited currently trade at Rs 623, a flat movement as compared to the previous closing price of Rs 622.65 apiece.
Year-To-Date, the company’s scrip has gained around 58 percent ranging from Rs 467.80 in the month of January 2023 to the current price levels.
Having a look at the financials, the company has increased its operating revenues from Rs 2,78,453 crores during FY21-22 to Rs 3,45,966 crores during FY22-23. Moreover, the company witnessed a transition from net losses of Rs 11,234 crores during FY21-22 to net profits of Rs 2,353 crores during FY22-23.
Tata Motors Limited is an Automobile manufacturing company with business segments including commercial vehicles, passenger vehicles, Jaguar Land Rover (JLR), and Vehicle Financing.
Benares Hotels Limited
With a market capitalization of Rs 635 crores, the stocks of Benares Hotels Limited started their trading session on Thursday at Rs 4,800 and currently trade at Rs 4,880, slipping around 2.50 percent as compared to the previous closing price of Rs 5,000 apiece.
Year-To-Date, the company’s scrip has gained around 81 percent ranging from Rs 2,697.75 in the month of January 2023 to the current price levels.
Having a walkthrough of the standalone financials, the company increased its operating revenues from Rs 49 crores during FY21-22 to Rs 93 crores during FY22-23. Moreover, the company witnessed a drastic increase in net profits from Rs 5 crores to Rs 23 crores keeping the timeframe the same.
Benares Hotels Limited, with a sole Hoteliering business segment, operates hotels in India, some of which include the Taj Nadesar Palace, Taj Nadesar Palace, and Taj Ganges Hotel located in Varanasi, The Gateway Hotel located in Maharashtra.
Written by Amit Madnani
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