Tata Group stocks, including Tata Consultancy Services Ltd (TCS), Tata Power Ltd, and Tata Steel Ltd, were trading in a range on Thursday morning following the passing of Ratan Tata.
TCS shares opened slightly lower at ₹4,248.05 on the BSE, remaining relatively flat. The company’s market capitalization stood at ₹15.43 lakh crore. A total of 6,879 shares changed hands, resulting in a turnover of ₹3 crore on the BSE. By 9:36 am, the stock was trading at ₹4,269.50 on the BSE, with the company set to announce its Q2 earnings later today.
Shares of Tata Power opened lower at ₹457.05, compared to the previous close of ₹460.90 on the BSE. The company’s market capitalization was ₹1.48 lakh crore. A total of 4.10 lakh shares changed hands, resulting in a turnover of ₹18.94 crore. By 9:40 am, the stock had risen 1.20% to ₹466.45 on the BSE.
Similarly, Tata Steel shares opened lower at ₹157.35, down from the previous close of ₹159 on the BSE. The market cap for Tata Steel stood at ₹2 lakh crore, with 7.94 lakh shares traded and a turnover of ₹12.64 crore. By 9:44 am, the stock had increased by 0.82% to ₹160.30.
Tata Motors shares were trading flat in early deals today, with a market capitalization of ₹3.46 lakh crore. A total of 7.16 lakh shares changed hands, resulting in a turnover of ₹66.70 crore on the BSE. By 10:08 am, the stock had risen by 0.25% to ₹941.50.
Tata Group stocks have provided solid returns in 2024, with 16 of them achieving double-digit growth year-to-date. Trent has surged by 168%, followed by TRF, Voltas, Automobile Corporation of Goa Ltd, The Indian Hotels Company Ltd, and Tata Investment Corporation Ltd, which have all gained between 50% and 90% during the same period. Conversely, Titan Company Ltd, Benares Hotels Ltd, Tata Technologies Ltd, Tata Elxsi Ltd, and Tata Teleservices (Maharashtra) Ltd are five group stocks that have reported negative returns ranging from 5% to 13% so far in 2024.
Ratan Tata, the former chairman of Tata Sons, passed away on Wednesday night at the age of 86. His remarkable legacy transformed the Tata Group from a respected Indian conglomerate into a global powerhouse, significantly altering the landscape of Indian industry.
