{"id":121997,"date":"2024-04-08T13:56:42","date_gmt":"2024-04-08T08:26:42","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121997"},"modified":"2024-04-08T13:56:47","modified_gmt":"2024-04-08T08:26:47","slug":"tata-group-stocks-jump-after-announcing-their-business-updates","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/tata-group-stocks-jump-after-announcing-their-business-updates\/","title":{"rendered":"Tata Group stocks jump after announcing their business updates\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2658170194\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The Tata Group is an Indian multinational corporation with its headquarters in Mumbai. Founded in 1868, it is India&#8217;s largest conglomerate, selling products and services in over 150 nations and operating in 100 countries across six continents.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1251976319\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>In September 2023, the Tata Group&#8217;s 29 publicly listed enterprises had a combined market value of Rs 25 trillion (US$300 billion). The group&#8217;s significant affiliates include Tata Consultancy Services, Tata Motors, Tata Projects, Tata Power, Titan, Tata Steel, Air India, Indian Hotels Company, Tata Consumer Products, Voltas, Trent, Croma, and BigBasket.&nbsp;<\/p><h3 class=\"wp-block-heading\" id=\"h-here-are-the-tata-group-stocks-that-jumped-after-they-announced-a-business-update\"><strong>Here are the Tata Group stocks that jumped after they announced a business update. <\/strong><\/h3><h4 class=\"wp-block-heading\" id=\"h-titan-company-limited\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TITAN\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Titan Company Limited<\/a>\u00a0<\/strong><\/h4><p>The shares of this luxury fashion accessories manufacturer gained up to 1.3 percent after the company registered a revenue growth of 17 percent YoY for the quarter ended March FY24.&nbsp;<\/p><p>With a market capitalization of Rs 3.33 lakh crore, the shares of Titan Company Ltd were trading at Rs 3,757.90 per share, increasing around 0.22 percent as compared to the previous closing price of Rs 3,754.85 apiece.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2103752495\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to the business filing, Titan Company Ltd registered a revenue growth of 17 percent YoY for the quarter ended March FY24 and added 86 stores (net) during the quarter, while the group&#8217;s retail network presence stands at 3,035 stores.&nbsp;<\/p><p>Additionally, the jewelry business expanded by 18 percent year on year, achieving solid double-digit growth, while the watches and wearables business climbed by 6 percent. Emerging enterprises rose 24 percent YoY, while CaratLane&#8217;s business increased 30 percent YoY, although the EyeCare section fell 1 percent YoY during the quarter.&nbsp;<\/p><p>Looking at the company&#8217;s finances, Titan Company Ltd&#8217;s revenue climbed by 22 percent from Rs 11,609 Crore in Q2FY23 to Rs 14,164 Crore in Q2FY24. During the same period, net profit climbed by 15 percent, from Rs 913 crore to Rs 1,053 crore.&nbsp;<\/p><p>Titan Company Ltd is one of India&#8217;s most renowned lifestyle firms. It has earned leading positions in the Watch, Jewellery, and Eyewear sectors, owing to its trusted brands and distinctive consumer experience.<\/p><h4 class=\"wp-block-heading\" id=\"h-tata-steel-ltd\"><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TATASTEEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata steel Ltd<\/a>\u00a0<\/strong><\/h4><p>The shares of one of the leading steel manufacturers gained up to 2 percent after the company achieved the highest-ever annual crude steel production of 20.8 million tons, with a growth of 4% YoY.&nbsp;<\/p><p>With a market capitalization of Rs 2.06 lakh crore, the shares of Tata Steel Ltd were trading at Rs 165.00 per share, increasing around 1.01 percent, as compared to the previous closing price of Rs 163.35 apiece.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-2831984611\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to the business filing, Tata Steel Ltd had the highest ever annual crude steel output of 20.8 MT, with a 4% YoY gain due to debottlenecking across sites and increasing steel production at Neelachal Ispat Nigam, while deliveries grew by 5.6 percent YoY to 19.9 MT.&nbsp;<\/p><p>Looking at the company&#8217;s finances, Tata Steel Ltd&#8217;s revenue decreased by 3 percent from Rs 57,084 Crore in Q3FY23 to Rs 55,312 Crore in Q3FY24. During the same period, net profit increased from a loss of Rs 2,502 crore to a profit of Rs 522 crore.&nbsp;<\/p><p>Tata Steel Limited is a worldwide steel corporation headquartered in India that produces roughly 35 million tons of crude steel per year. The Company&#8217;s primary activity is the manufacture and global distribution of steel products.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by:- Abhishek Singh<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1668178811\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The Tata Group is an Indian multinational corporation with its headquarters in Mumbai. Founded in 1868, it is India&#8217;s largest conglomerate, selling products and services in over 150 nations and operating in 100 countries across six continents.&nbsp; In September 2023, the Tata Group&#8217;s 29 publicly listed enterprises had a combined market value of Rs 25 [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[948,936,16198,5932,11915],"class_list":["post-121997","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-tata-group-stocks-2024","tag-tata-steel-share-price","tag-titan-company-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tata Group stocks jump after announcing their business updates\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The Tata Group is an Indian multinational corporation with its headquarters in Mumbai. 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