From rags to rallies: Tata’s B team delivers up to 49% returns in 3 months, outshining bluechips

After a rough start to 2025, Tata Group stocks have staged a sharp rebound over the past three months. Sixteen group companies have posted double-digit gains—rising as much as 49%—but the comeback has been led largely by lesser-known names rather than the usual blue-chip heavyweights.

Take, for instance, Automobile Corporation of Goa, which has emerged as the surprise chart-topper, rallying nearly 49% on the back of strong demand for commercial vehicles and capacity expansion. Despite the recent surge, the stock remains down 12% on a year-to-date basis, with its market capitalisation at around Rs 1,137 crore—Rs 170 crore lower than its Rs 1,307 crore valuation on December 31, 2024.

Rallis India, Tata’s agri-chemicals arm known for its crop protection and agricultural solutions, has surged 48%, likely buoyed by expectations of a normal monsoon and a rural recovery.

Other Tata Group stocks, including Tata Communications, TRF, and Nelco, have also shown strong momentum, rising by 26%, 23%, and 22%, respectively.

Tech and consumption-driven names like Tata Elxsi (+22%), Trent (+21%), Tata Technologies (+20%), and Tata Consumer Products (+16%) have also demonstrated resilience and investor interest.

Among large-cap stocks, Titan and Tata Motors have posted double-digit gains of 13% and 16%, respectively.Meanwhile, Oriental Hotels, The Indian Hotels Company (IHCL), Tata Steel, Tejas Networks, and Artson Engineering have delivered single-digit returns ranging from 8% to 0.5% over the past three months.Trading in Adithya Automotive Applications and Tayo Rolls remains suspended.

Top laggards

TCS Drags as Tata Group’s Star Performer Lags

IT bellwether and Tata Group stalwart Tata Consultancy Services (TCS) has dipped 3.5% over the past three months. The stock has been a market laggard for several quarters. Over the past year, it has declined by 9%, and in 2025 alone, the stock is down 16%.

TCS’ weakness is largely attributed to the uncertain economic outlook in the US, which could impact both its topline and bottom line.

Among other laggards, Voltas has slipped nearly 6%, possibly due to seasonal factors or inventory challenges in the consumer cooling segment. Meanwhile, Benares Hotels—despite a travel boom—was the biggest loser, falling nearly 15%, likely due to profit-taking or a high base effect.

Market Cap Report

As of June 10, the combined market capitalisation of 24 listed Tata Group companies stood at Rs 28.61 lakh crore, down Rs 2.49 lakh crore from Rs 31.1 lakh crore as of December 31, 2024. Out of these 24 companies, the market cap of 16 has declined since the start of the year.

TCS’ underperformance is the biggest contributor to the group’s market cap erosion. Its valuation has dropped by Rs 2.29 lakh crore, falling to Rs 12.53 lakh crore from Rs 14.82 lakh crore at the end of December. Other major underperformers include Trent (down Rs 46,308 crore), Voltas (down Rs 15,697 crore), and The Indian Hotels Company (down Rs 13,786 crore).

Eight stocks have seen their market cap rise in CY2025: Rallis India, Tata Communications, Tata Investment Corporation, Tata Power Company, Tata Consumer Products, Titan Company, Tata Steel, and Benares Hotels.

In March, ETMarkets had reported that the combined market capitalisation of Tata Group stocks fell by Rs 2.6 lakh crore in FY2025 to Rs 27.46 lakh crore, from Rs 30 lakh crore in FY2024.

Read More: Tata stocks lose nearly Rs 3 lakh crore in FY25 as TCS, Titan play spoilsport. What’s next?

(Data Inputs by Ritesh Presswala)

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