TATA Group is one of India’s largest conglomerates. Their marks can be seen in a variety of industries. As of March 31, 2022, there are 29 publicly listed Tata firms with a total market capitalization of $311 billion (INR 23.6 trillion). 

Mutual fund stock market investments may influence the market in every way since they invest in large amounts that affect stock price movements. Furthermore, because it is difficult for retail investors to obtain all relevant information about a firm, they tend to follow the movements of institutional funds, particularly mutual funds, in order to make informed decisions. 

Below are the three Tata Group stocks with the high Mutual Fund holdings. 

Tata Communications Ltd 

Tata Communications Ltd shares were trading at Rs 1,808.35 a share on Thursday, down 0.60 percent from the previous close price of Rs 1,818.20. 

As of Q1 FY24, mutual funds hold a 9.95 percent stake out of the 14.08 percent stake held by domestic institutional investors in the company. The company’s promoter has a 58.86 percent stake. 

The stock has risen 50 percent in the previous six months and 58 percent in the last year. 

Tata Communications revenue has increased by 10 percent year on year, from Rs 4,311 crore in Q1FY23 to Rs 4,771 crore in Q1FY24. During the same period, net profit declined by 30 percent, from Rs 545 crore to Rs 382 crore. 

Tata Communications is the leading global digital ecosystem enabler. It delivers managed solutions to multinational companies and service providers. 

Indian Hotels Company Ltd 

Indian Hotels Company Ltd shares were trading at Rs 402.85 a share on Thursday, up 0.37 percent from the previous close price of 401.20. 

As of Q1 FY24, mutual funds hold a 19.27 percent stake out of the 24.2 percent stake held by domestic institutional investors in the company. The company’s promoter has a 38.19 percent stake. 

The stock has risen 26 percent in the previous six months and 41 percent in the last year. 

Indian Hotels Company Ltd revenue has increased by 16 percent year on year, from Rs 1,266 crore in Q1FY23 to Rs 1,466 crore in Q1FY24. During the same period, net profit climbed by 30 percent, from Rs 181 crore to Rs 236 crore. 

The Indian Hotels Company Ltd. is primarily engaged in the business of owning, operating & managing hotels, palaces, and resorts. 

Trent Ltd 

On Thursday, Trent Ltd shares were trading at Rs 2,048 per share, and the company has a market capitalization of Rs 72,828. 

As of Q1 FY24, mutual funds hold a 9.14 percent stake out of the 20.33 percent stake held by domestic institutional investors in the company. The company’s promoter has a 37.01 percent stake. 

The stock has increased by 52 percent in the last six months and 51 percent in the last year. 

The income of Trent Ltd grew by 45 percent year on year, from Rs 1,803 crore in Q1FY23 to Rs 2,628 crore in Q1FY24. Net profit increased by 45 percent within the same time, from Rs 115 crore to Rs 167 crore. 

Trent Ltd sells clothing, footwear, accessories, toys, games, food, groceries, and nonfood items through its different retail formats. 

Written By Omkar Chitnis

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