During Thursday, October 10, early morning trading, there was a notable increase in the buying activity of Tata Group shares. The majority of the group’s stocks were rising, with Tata Investment Corporation leading the way at ₹7,545 a share, up 15%. Tata Chemicals increased by 8.9%, and Tata Teleservices (Maharashtra) came in second with a rise of 9%.
Other stocks that had gains beyond 3% included Tata Elxsi, Tata Technologies, and Tata Power Company. TCS shares were up about 1% ahead of today’s Q2 earnings presentation.
The entire nation is honouring the late Ratan Tata, who through a string of audacious and striking business deals helped transform one of India’s oldest corporations into a worldwide empire.
Ratan Tata was not only a corporate mogul but also a symbol of philanthropy and creativity. He passed away on Wednesday at the age of 86. Following his death, investors have flocked to purchase shares in Tata Group companies to respect his legacy. The stock market is also reflecting this emotion.
Tata Technologies’ stock increased 4% today to ₹1,089 a share, despite Axis Capital maintaining its “reduce” rating with a target price of ₹950. This indicates that investors are still optimistic about Tata Group equities.
“Investors can pay tribute to Ratan Tata and the great corporate empire he built by buying stocks like TCS, Tata Motors, Tata Steel, Tata Consumer, and Indian Hotels,” stated Dr V K Vijayakumar, Chief Investment Strategist of Geojit Financial Services. While pursuing the group’s expansion, Ratan Tata made a significant contribution to India’s growth, and the great man’s vision benefited millions of common investors.
“Also, investors should learn from the growth of the Tata empire that a long-term investment horizon is required to participate in the wealth creation that happens through the capital market. In a bull market like the present one, there will always be valuation concerns. But great companies like the ones Ratan Tata built will create wealth for investors in the long run,” he added.
Visionary Expansion: How Ratan Tata took Tata Group Global
From 1991 to 2012, Ratan Tata led the Tata Group through a period of profound change that increased its footprint around the globe and broadened its line of business. Innovation, charity, and sustainability were prioritised throughout his tenure, and this enabled the Tata Group to become a preeminent worldwide company.
In addition to directing the group’s entry into new markets like IT, telecommunications, and retail, Ratan Tata oversaw the purchase of well-known companies including Tetley Tea, Corus Steel, and Jaguar Land Rover. The Tata Group accomplished several significant milestones under his direction, including breaking the $100 billion revenue mark, establishing Tata Consultancy Services (TCS) as the largest IT business in India, and introducing the Tata Nano, the most reasonably priced car in the world.
The turnaround of Tata Motors was one of his most notable accomplishments. Under his direction, the business, which was about to be sold, got back on track in 1998 with the introduction of the Tata Indica. Within two years, the model emerged as a market leader in India.
After turning a profit in 2003–2004, the business grew throughout the next several years when Tata Motors bought Jaguar Land Rover in 2008.
In 2020, Tata Motors unveiled the Nexon, India’s first electric SUV, and the Tata Safari, the country’s first SUV. Ratan Tata further demonstrated his dedication to accessible innovation by introducing the Tata Nano, demonstrating his understanding of the needs of the average person.
Currently, the Tata Group is present in over 100 nations on six continents. The main investment holding firm and Tata Companies’ promoter is Tata Sons. Philanthropic trusts that promote health, education, entrepreneurship, and the arts and culture own sixty-six per cent of the equity share capital of Tata Sons.
The combined revenue of the Tata firms in 2023–2024 exceeded $165 billion. Over a million people are employed by these companies combined. Operating autonomously, each Tata firm or enterprise is overseen and managed by its own board of directors. As of March 31, 2024, there were 26 Tata firms that were publicly listed, and their total market capitalisation exceeded $365 billion.
