Excellent performance of Tata Group companies

The stock market has maintained the confidence of investors by giving positive returns for the 9th consecutive year. This year too, the performance of many companies created a stir in the market. Top 10 Tata Group companies delivered excellent returns in 2024, with some giving investors profits of up to 129%. However, shares of 11 other group companies saw a decline of 2% to 23%.

According to the report of Economic Times, the market cap of Tata Group will increase to Rs 3.55 lakh crore in 2024. Let us take a look at those Tata Group companies which gave good returns to investors this year.

1. Trent Limited

Fashion and lifestyle brand Trent made investors rich by giving 129% returns in 2024.

• Friday’s closing price (BSE): Rs 7118.80
• Weekly performance: up 0.78%
  Trent’s growth reflects the boom in the fashion and retail sectors.

2. Indian Hotels Company (IHC)

This flagship company of Tata Group is performing brilliantly in the hospitality sector.

• Friday’s closing price: Rs 860.80
• Returns in one year: 97%
  The increasing demand in the hotel and tourism sector has made this stock a favorite of investors.

3. TRF

This company working in steel, mining and power sectors gave a return of 74% in 2024.

• Friday’s closing price: Rs 439.65
• Weekly decline: 1.43%
  TRF took full advantage of its stable strategy and growing industry demand.

4. Voltas

This major air conditioner company of Tata Group was successful in giving returns of more than 73% to investors this year.

• Friday’s closing price: Rs 1704.50
  It is clear from the growth of Voltas that its hold in the consumer durables sector is getting stronger.

5. Nelco

Nelco, which operates in the satellite communication and networking sector, also benefited investors.

• Friday’s closing price: Rs 1273.85 (down 1%)
• Returns in one year: 58%
  Although the stock has fallen by 11% in the last two weeks, its performance in the long run has been positive.

Other important things of Tata Group

• Increase in market cap: The market cap of Tata Group companies increased by Rs 3.55 lakh crore, which shows their strong position in the market.
• Ranking of companies: Companies like Trent, Indian Hotels, Voltas maintained the group’s high rank.
• Declining stocks: Shares of 11 group companies saw a decline of 2% to 23%.