Established in 1868, the Tata Group is India’s largest conglomerate with products and services in over 150 countries, and operations in 100 countries across six continents. Tata Group companies have been in existence for years and have rewarded investors with handsome returns. Many investors look for opportunities to buy these stocks at a discount, so as to make better returns. 

Here are three Tata Group stocks available at a discount from their 52-week high: 

Tata Elxsi 

Tata Elxsi is among the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. It provides a variety of services and is supported by a network of design studios, global development centres and offices worldwide. 

Shares of Tata Elxsi closed at ₹ 7,110.00 apiece on Wednesday. They gained 11.66% in the past month, however, they dropped 15.74% in the past year. The shares reached a 52-week high of ₹ 10760.00 apiece on August 17, 2022, and are currently at a discount of 33.92% from their 52-week high. 

With a market capitalization of ₹ 44,314 crores, Tata Elxsi is a mid-cap stock. It has a high return on equity of 37.23% and an ideal debt-to-equity ratio of 0.11. Its shares were trading at a price-to-earnings ratio of 62.10 apiece, which is almost at par with the industry P/E of 0.11. 

Voltas 

Voltas is a Tata Group company that is engaged in the business of providing air conditioning and cooling products, refrigeration, and electro-mechanical projects as an EPC contractor both in domestic and international geographies. It was created almost sixty years ago when Tata Sons joined hands with a Swiss company Volkart Brothers. 

The company’s shares closed at ₹ 803.70 apiece on Wednesday. The scrip reached its 52-week high of ₹ 1073.55 apiece on June 03, 2022. It is currently trading at a discount of 25.14% from its high. 

Voltas is a mid-cap company with a market capitalization of ₹ 26,621 crores. It has a low return on equity of 2.47%, but an ideal debt-to-equity ratio of 0.12. Its shares were trading at a price-to-earnings ratio of 197.19, which is substantially higher than the industry P/E ratio of 9.19, indicating that the shares might be overvalued as compared to its peers. 

Tata Investment Corporation 

Tata Investment Corporation is a non-banking financial company that is primarily engaged in the business of investment in listed and unlisted equity shares, debt instruments and mutual funds etc. of companies in a wide range of industries.

The company’s shares reached a 52-week high of ₹ 2886.5 on September 15, 2022. However, they closed at ₹ 2,141.25 apiece on Wednesday, at a discount of 25.81% from their 52-week high. 

Tata Investment Corporation is a small-cap company with a market capitalization of ₹ 10,879 crores. It has a low return on equity of 1.28% but a good dividend yield of 2.23%. Its shares were trading at a price-to-earnings ratio of 43.20, which is higher than the industry P/E ratio of 22.26, indicating that the shares might be overvalued as compared to its peers. 

Written by Simran Bafna 

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