Tata Group Stocks have been ruling the stock market for the past one year. Some of Tata’s stocks have given investors amazing returns in a year. These stocks have given investors up to 3.67 times returns in just one year, which means that those who invest Rs 1 lakh will now own Rs 3 lakh 67 thousand.
These stocks of Tata doubled the money
A total of seven stocks of Tata Group namely Trent, Tata Investment Corporation Ltd, TRF Ltd, Voltas, Automotive Stampings and Assemblies Ltd, Automobile Corporation of Goa and Tejas Network Ltd have doubled investors’ money from their 52-week lows till now. According to data from AceEquity, Tata Power Company Ltd, Nelco Ltd, Tata Motors Ltd, The Indian Hotels Company Ltd and Rallis India Ltd have given returns of 50 to 100 per cent from their one-year lows.
This stock gave a return of 267 percent
According to the data, Trent had risen 267.23 per cent to Rs 7,147.75 from a low of Rs 1946.35 on October 26, 2023. Tata Trent will soon join the Nifty. Foreign brokerage Bernstein last week initiated coverage of the stock ‘outperform’ rating with a target of Rs 8,100, saying Trent has established itself as the fastest growing and most profitable textile retail seller in India.
Voltas shares rose so much
Shares of Tata Investments Corporation Limited have rallied 196 per cent to Rs 7,213.20 from its September 2023 low of Rs 2,438.05. Tata Investments is a subsidiary of Tata Sons, the holding company of the Tata Group. TRF has jumped 150 per cent in the last one year, while Voltas Limited has gained 109 per cent during the same period.
What did the broker say about Tata Power?
Automotive Stampings & Assemblies Ltd, Automobile Corporation of Goa Ltd and Tejas Networks Ltd rallied between 105 per cent and 118 per cent. Tata Power Company Ltd surged 87 per cent, Nelco 85 per cent and Tata Motors 80 per cent. On Tata Power, ICICI Securities said near-term earnings will be driven by income from solar infra and solar rooftop. It maintained ‘buy’ on the stock with a target of Rs 500 per share. Indian Hotels Company (76 per cent) and Rallis India Ltd (69 per cent) also rebounded sharply from their respective 52-week lows.
(Note- Before investing in any stock, please consult your market expert.)
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