Tata Stock Alert: Tata Group-backed stocks have dipped significantly in a 30-day span. One of the most trending Tata stocks this month has been Tata Motors which resisted around its 52-week for quite a few weeks, before succumbing to a new low on January 27. But did you know, that Tata Motors is not even the top 5 worst performing stock under the Tata Group ambit? Instead, the two stocks that have taken the most beating of bears in 30 days, are Tata Group's hidden stocks but trading under the Nifty Corporate Group index. Who Are They and Should You BUY?
Tata Group Stocks:
Nifty India Corporate Group Index - Tata Group was down by 386.50 points or 2.5% on January 27 to trade at 15,242.30, which was near its intraday low of 15,227.20. Data from NSE showed that The index has nosedived by over 5.3% in a span of 30 days. Nifty Tata Group's 25% Cap Index consists of 10 companies and is based on the free-float market capitalisation method.
Under the index, it will be Trent which is the worst-performing Tata Group stock in a 30-day span, nosediving by nearly 23%. Currently, the stock is hovering near Rs 5,400. The other stock to take the most bearish trend is Voltas Ltd with a decline of nearly 15%. In the top 5 list of underperforming stocks backed by Tata Group are -- Indian Hotels down by 9.2%, Tata Power down by 8.9%, and Tata Elxsi which dipped by 7.5% in 30 days.
Tata Motors is currently the 7th underperforming stock of Tata Group, with a 30-day period drop of 2.2%. Tata Steel is sixth with a decline of nearly 7%. TCS, the flagship company of Tata, is marginally down.
Among the best performers are Tata Consumer and Titan stock which gained by 9.3% and 2.8%.
Should You Buy Trent and Voltas?
Currently, brokerage Antique Stock Broking has suggested BUY on Trent for a target price of Rs 7,642. While the brokerage suggested HOLD on Voltas for a target price of Rs 1,901 target price.
Trent: The Company was originally incorporated as Lakme Limited ("Lakme") on December 5, 1952. Lakme was in the business of manufacturing, selling and export of cosmetics, toiletries, and perfumery products. Now, Trent Limited is part of the Tata Group and operates a portfolio of retail concepts. The primary customer propositions of Trent include Westside, one of India's leading chains of fashion retail stores, Zudio, a one-stop destination for great fashion at great value and Star, which operates in the competitive food, grocery and daily needs segment.
The company will announce its Q3 financial results on February 6, 2025. In Q2FY25, the company reported growth of 39% YoY and 48% YoY in standalone revenue and profit before tax. Its revenue CAGR is of 37% over Q2FY20.
Voltas: Voltas Limited established in 1954 is a listed or public company and part of the leading Indian multinational Tata group which has operations in over 100 countries across 6 continents and has more than a million employees.
The company will announce its Q3 results on January 29. During Q3FY25, the company posted a consolidated toio/kl,tal income of Rs 2,725 crore, up by 15% YoY, while its PAT surged significantly to Rs 133 crore from Rs 36 crore.=-[
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