A total of 13 Tata group stocks including Trent Ltd, The Indian Hotels Company Ltd, Nelco Ltd and Voltas Ltd beat the Sensex return by a wide margin in 2024 so far. On the other hand, shares such as Tata Technologies Ltd, Tata Elxsi Ltd, Tata Consumer Products Ltd, Tata Teleservices (Maharashtra) Ltd and Titan Company Ltd disappointed investors of the salt-to-software conglomerate, delivering negative returns during the same period. The year saw the demise of legendary industrialist Ratan Tata after 50 years of fruitful career at the Tata group.
Data compiled from corporate database showed 23 listed Tata group companies commanded a m-cap of Rs 32,40,883 crore as on December 17, which at a record low rupee-dollar value of 84.92 stood at $381 billion. At this exchange rate, the m-cap of listed Tata group entities stood at Rs 27,88,025 crore or $328 billion at the end of 2023.
Trent Ltd soared 127.21 per cent while IHCL delivered 100 per cent return in 2024. Goldman Sachs in a note last month said Trent is one of the strongest growth stories in India consumer, with the key driver being market share gains in India’s value fashion market, through its brand Zudio.
It expects a 28 per cent revenue CAGR for Trent over FY24-30. As the growth is market share gain driven, it expects a limited impact on Trent from the urban slowdown. MOFSL on Tuesday suggested a 'buy' rating on IHCL with a target of Rs 950.
The IHCL management recently unveiled its execution strategy and goals for 2030.