29-Mar-2024
2 mins read
.jpg)
.jpg)
 1.jpg)
.jpg)
Tata stock gave massive returns in its all over stocks in for the FY 23-24, it is also reported that the overall combined market capitalization of tata stocks increased by 44.69%, in actual value it is rose from Rs 20.47 Lakhs Crore to Rs 29.62 Lakhs Crore. If we look at average percentage of return given by tata stocks it turns out to be 85%, even the newly listed Tata Technologies stock which was listed on November 30, 2023 gave upto 257% of massive return. Whereas the least performing stock of tata was TATA Chemicals, you will be shock to see the return of least performing was 11% up, which is quite good return on a year on year basis.
Also Read | PNG Jewellers IPO: What Should You Know About the Most Awaited IPO?
Performance of Other Tata Stocks
In the past financial year, Tata Motors made a big comeback, earning lots of money in India and with Jaguar Land Rover, which made their stock shoot up by 136%. Tata Power also did really well, with its total value in the market going up by over 107%, reaching Rs 1.26 lakh crore. Even though Tata Technologies only joined the market last November, its shares are selling for double their original price from when they first joined. Other Tata companies like Titan, Tata Steel, Tata Consumer, and TCS also saw their stock prices go up by a lot – 51%, 49%, 54%, and 21%, respectively. It's interesting to note that TCS alone makes up half of the total value of all Tata Group companies in the stock market. These successes show how strong the Tata Group's businesses are doing right now.
Also Read | Shiva Cement Rights Issue: Details You Need to Know