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Hits & misses! Amid merger buzz, here’s how Tata stocks are faring on D-Street

As the Tata Group is trying to reduce the number of its listed companies by merging those with related businesses, let’s take a look at how stocks of the much-storied conglomerate have performed in the calendar year 2022 so far.

TRF, which is proposed to be merged with

along with 3 other metal and mining companies, is the top gainer among all Tata Group stocks in 2022 with a return of over 150%. Other top gainers in the Tata family include IHCL (81%), Orient Hotels (88%) and (79%).

On the other hand, top losers include

(46%), Automotive Star (34%) and (26%).

TRF shares, the only Tata stock that turned multibagger in 2022, has been hitting 5% lower circuits since the merger of seven subsidiaries with Tata Steel was announced on Friday.

Nomura said Tata Steel’s merger of seven of its subsidiaries seems largely value-neutral for minorities except for TRF.

Within the IT domain, the Tatas own two listed entities – (TCS) and Tata Elxsi. While TCS, which is the largest company owned by the Tatas with a market cap of around Rs 10.9 lakh crore, eroded around 20% of investor wealth in the year, gave a handsome return of about 51% during the period.

According to a recent ET report, Tata Sons has commenced plans to halve the number of listed companies in the conglomerate to an estimated 15 in the coming months to focus on investing in fewer but bigger entities that can ably compete in the marketplace.

Last week, the conglomerate had announced that seven companies –

, , The , TRF, Indian Steel & Wire Products, Tata Steel Mining and S&T Mining – would be merged with parent company Tata Steel. Out of them four are listed on stock exchanges.

Earlier in March,

had announced the merger of all businesses of with itself.

In terms of m-cap, after TCS, Titan,

and Tata Steel are the next 3 largest companies in the pack while Benaras Hotels, TRF, , and are among the least valued Tata stocks with valuation of less than Rs 1,000 crore.

With a total market cap of around Rs 20.5 lakh crore, Tata Group is India’s second largest after Adani Group.

(With data inputs from Ritesh Presswala, ETMarkets)

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