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Tata Group Stock Performance in 2024: Know Which Stock Doubled Investors’ Money!

03 December 20243 mins read by Angel One
Discover Tata Group's top-performing stocks in 2024, including the stock that doubled investors' money and insights into its legacy and leadership transition.
Tata Group Stock Performance in 2024: Know Which Stock Doubled Investors’ Money!
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Founded by Jamsetji Tata in 1868, the Tata Group is a global enterprise rooted in India, renowned for its diverse portfolio spanning ten verticals and a presence in over 100 countries across six continents. With a mission to enhance the quality of life globally, the group stands as a beacon of leadership and trust. The philanthropic ethos of the Tata Group is embedded in its structure, with 66% of Tata Sons’ equity held by trusts supporting education, health, livelihoods, and arts.

The Noel Tata Era: A Landmark Leadership Shift

The year 2024 marked a pivotal moment in the Tata Group’s history. Noel Naval Tata, the 66-year-old brother of the late Ratan Naval Tata, was unanimously appointed Chairman of Tata Trusts. Known for his understated leadership style, Noel Tata brings over four decades of experience within the group’s diverse businesses, further strengthening the legacy built by his illustrious predecessor, Ratan Tata.

Tata Group’s Performance in 2024

The Tata Group comprises 21 stocks listed on the Bombay Stock Exchange (BSE). Among these, 16 delivered positive returns, reinforcing investor confidence in the group’s resilience and strategic prowess. Let’s explore the top 5 performers that outshone the market in 2024: 

Stock Name % Gain
TRENT LTD. 122.78
AUTOMOTIVE S 84.6
INDIAN HOTEL 82.77
VOLTAS LTD 75.92
TRF LTD. 65.9

Trent Ltd., the retail arm of Tata Group, emerged as a star performer, doubling investor wealth with its robust growth in 2024.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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