Tata Stocks: Biggest Declines and Gains Since Ratan Tata's Demise

Exploring the Tata Stocks That Have Seen the Most Significant Drops and Gains After the Passing of Ratan Tata

Tata Group stocks have always been popular among investors, thanks to their spread across different sectors, regular dividend payments, and potential for steady growth over time. Ratan Tata, who led the group for over two decades, played a big role in building its strong reputation. Sadly, he passed away on October 9, 2024, at the age of 86 at South Mumbai’s Breach Candy Hospital. His death has left a significant impact on both the business world and the Tata Group itself.

As of November 12, 2024, market data from Ace Analyser shows that 20 out of Tata Group’s 25 listed stocks have declined since Ratan Tata’s passing, while 5 stocks have managed to stay positive. This article will look at the Tata stocks that have seen the biggest drops and rises. Also, discuss what this might mean for investors who are focused on building wealth over the long term.

List of Listed Companies in the Tata Group:

Top Gainers:

Tejas Networks:
Tejas Networks Ltd, founded in 2000, designs and makes wireline and wireless networking products, with a strong focus on technology and R&D. Their products are used by telecom providers, utilities, governments, and defense networks in over 75 countries. Now part of Panatone Finvest Ltd (a Tata Sons subsidiary), the company reported its highest quarterly revenue in Q2 FY25 at INR 2,811 crores, helped by PLI incentives, with profit after tax rising to INR 275 crores from INR 77 crores in the previous quarter. Its order book stands at INR 4,845 crores, and since Ratan Tata’s passing, Tejas Networks’ stock has gone up by 14%.
Top Laggards:

Tata Motors:
Tata Motors Group, a global automobile giant under the Tata conglomerate, produces a wide range of vehicles, from cars to defense vehicles. In Q2 FY25, the company’s profit fell 11.18% to ₹3,343 crore, below analysts' expectations, with revenue down 3.5% year-on-year to ₹1.01 lakh crore due to external challenges. Jaguar Land Rover (JLR) saw a 5.6% revenue drop to £6.5 billion due to supply constraints, impacting margins. While commercial vehicle margins improved to 10.8% with better pricing and cost savings, the company remains cautious about domestic demand in the near term. Since Ratan Tata's passing, Tata Motors' stock has dropped 14.31% as of November 12, 2024.

Tata Elxsi:
Tata Elxsi, a leading provider of design and technology services across industries like Automotive, Media, Communications, and Healthcare, reported a strong Q2 performance with an 8.32% increase in revenue and a 14.58% rise in profit year-on-year. Compared to the previous quarter, revenue grew by 3.09% and profit surged by 24.64%. The company’s operating income was up 6.24% quarter-on-quarter, and earnings per share (EPS) increased by 14.56% year-on-year. However, despite these positive results, the stock has faced challenges, dropping 8.46% over the last six months and 24.51% year-to-date. Since Ratan Tata’s passing, Tata Elxsi’s stock has fallen by 14.21%.