Today, Tata Group has become a household name in India and its companies have delivered remarkable returns in the last one year, to an extent that its market capitalisation surpassed the entire economy of Pakistan.
Here are a few Tata stocks that have recently received attention for their strong Year-over-Year (YoY) net profit growth, demonstrating resilience and adaptability in the face of volatile market conditions.
Tata Investment Corporation Ltd
The share price of the company moved up by nearly 0.96 percent to Rs. 7,045 on February 23rd, compared to its previous closing price of Rs. 6,977.50 and has a market cap of Rs. 34,475.9 crore.
On a year-on-year basis, the company witnessed a growth in net profit by 51.42 percent from Rs. 35 crore in Q3 FY22-23 to Rs. 53 crore in Q3 FY23-24. However, the net profit reduced by 57.25 percent QoQ to Rs. 53 crore in Q3 FY23-24 from Rs. 124 crore in Q2 FY23-24.
It has given over 182.3 percent returns in the last six months, and nearly 241.75 percent in the last one year. So far in 2024, it delivered positive returns of around 60.85 percent.
Tata Investment Corporation Limited (TICL) is a non-banking financial company (NBFC) and is primarily engaged in investing in long-term investments such as equity shares and equity-related securities.
Tata Motors
The company offers a wide and diverse portfolio of cars, sports utility vehicles, trucks, buses and defence vehicles around the globe.
With a market capitalisation of Rs. 3.11 lakh crores, this leading global automobile manufacturer has given nearly 53.05 percent returns in the last six months and more than 118.4 percent in the last one year. So far in 2024, it delivered around 18.27 percent of positive returns.
The net profit of Tata Motors increased by 86.45 percent QoQ to Rs. 7,145 crore in Q3 FY23-24 from Rs. 3,832 crore in Q2 FY23-24, whereas, the net profit grew by 134.8 percent YoY to Rs. 7,145 crore in Q3 FY23-24 from Rs. 3,043 crore in Q3 FY22-23.
The company’s revenue from operations grew by around 25 percent YoY from Rs. 88,489 crore in the Q3 FY22-23 to Rs. 1.1 lakh crore in Q3 FY23-24,
Trent Limited
With a market cap of Rs. 1.38 lakh crores, the share price of the company moved up by nearly 0.70% to Rs. 3,979.70 on Friday, compared to its previous closing price of Rs. 3,952.15.
Trent Limited witnessed an increase in the net profit by 62.71 percent QoQ to Rs. 371 crore in Q3 FY23-24 from Rs. 228 crore in Q2 FY23-24, whereas, on a year-on-year basis, the net profit grew by nearly 140 percent from Rs. 155 crore in Q3 FY22-23 to Rs. 371 crore in Q3 FY23-24.
The company’s revenue from operations grew by around 16.26 percent QoQ from Rs. 2,982 crore in Q2 FY23-24 to Rs. 3,467 crore in Q3 FY23-24. On a year-on-year basis, the revenue from operations rose by 50.54 percent from Rs. 2,303 crore in Q3 FY22-23 to Rs. 3,467 crore in Q3 FY23-24.
The company has given over 87.3 percent returns in the last six months, and nearly 197.04 percent in the last one year. So far in 2024, it delivered positive returns of around 29.18 percent.
Trent Limited, originally incorporated as Lakme Limited in 1952, is one of the leading players in the branded clothing industry in India.
Written by Shivani Singh
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