N. Chandrasekaran's tenure as Chairman of Tata Sons has concluded, leaving behind a significantly expanded empire. Since he took charge on February 21, 2017, the listed market capitalization of the Tata Group surged from Rs 8.22 lakh crore to Rs 23.35 lakh crore, nearly tripling its value.
Top Performers: Trent Leads the Charge
During Chandrasekaran's leadership, more than a dozen Tata Group stocks achieved multibagger status, with several delivering spectacular returns. Among the standout performers, Trent Ltd. shares experienced an extraordinary rally, soaring approximately 1,790 percent. An initial investment of Rs 1 lakh in the retail chain at the start of his tenure would now be worth about Rs 17.91 lakh.
Other companies that saw massive gains include:
- Nelco Ltd: Rose 1,115 percent
- Tata Investment Corporation: Gained 1,050 percent
- Titan Company Ltd: Increased 1,015 percent
These companies exemplify the strong growth witnessed across various sectors within the conglomerate.
Significant Growth Across Diverse Businesses
Beyond the top four, several other Tata Group entities also demonstrated robust performance:
- Tata Consumer Products: Jumped 660 percent
- The Indian Hotels Company (IHCL): Increased 540 percent
- Benares Hotels: Gained 790 percent
- Automotive Stampings and Assemblies: Rose 640 percent
Lesser-known stocks also contributed to the group's overall market cap growth, highlighting broad-based success.
Multibagger Returns from Other Tata Companies
Additional Tata Group stocks that delivered substantial multibagger returns include:
- Tata Teleservices (Up 480 percent)
- Tata Elxsi Ltd (Up 400 percent)
- Oriental Hotels (Up 350 percent)
- Tata Power Company (Up 350 percent)
- Tata Steel Ltd (Up 300 percent)
- Voltas (Up 255 percent)
- Artson (Up 250 percent)
- Automobile Corporation of Goa (Up 170 percent)
- Tata Communications (Up 130 percent)
While most stocks saw positive movement, Rallis India experienced a 13 percent decline during the period. Tata Motors was excluded from the study due to its ongoing demerger process.
Analyst Outlook and Future Prospects
Various brokerage firms maintain positive outlooks on several of these performing stocks. Axis Direct has a 'buy' rating on Trent, while Elara Capital suggests 'accumulate'. For Titan Company, Bernstein and BNP Paribas hold 'outperform' ratings. Goldman Sachs and IDBI Capital recommend 'buy' for Indian Hotels, and 360 One Capital and Nomura have 'buy' ratings for Tata Consumer.
Motilal Oswal rates Tata Steel a 'buy', and Emkay Financial has a similar rating for Voltas. ICICI Securities recommends 'buy' for Tata Communications. These projections underscore continued confidence in the strategic direction and market position of many Tata Group entities.