Remembering Ratan Tata: Tata Group stocks in focus; TCS, Tata Elxsi Q2 results on October 10

Tata Shares in Focus: TCS will be delivering its Q2 FY25 performance on October 10. Previously, the company reported a net profit rise of 8.7% on year.

Written by Sparsh Bansal

October 10, 2024 08:49 IST

Tata Stock in Focus Today: Tata Motors, the flagship automotive company of the Tata Group delivered a return of around 50% in the past year. (Image: Reuters)

The Tata Group stocks are in focus even as the nation grieves the sad demise of the visionary leader Ratan Tata. The Group’s business spans from steel to technology, retail, aerospace and defence. In fact under his leadership, several of the marquee Tata names were listed on the exchanges. This includes TCS, Titan, Tata Motors, Tata Steel and even Tata Chemicals.

TCS Q2FY25

The group’s key technology counter, Tata Consultancy Services or TCS is scheduled to deliver its Q2 results on October 10. In the previous quarter, TCS reported net profit growth of 8.7% in Q1FY25 and the revenue rose 5.4%. The focus this quarter will be on deal wins as that’s one of the key indicators for the trend in the subsequent quarters. One of the leading IT plays, TCS has delivered over 70% returns in 20 years since its listing in 2004. It was a ground-breaking IPO in many ways, the first billion-dollar IPO in Indian history.

Tata Elxsi to report Q2 earnings

Along with TCS, Tata Elxsi is also scheduled to report its numbers. The stock is up over 3% ahead of its Q2 numbers. In Q1, Tata Elxsi had delivered healthy growth with 2.4% growth in revenue from operations. The company has been investing strongly in digital, AI and Gen AI technologies across verticals, targeting efficiency and quality in product engineering, as well as innovating on applications of Gen AI combined with domain and design expertise to solve complex business, product and engineering problems.

Tata Motors

Tata Motors stock is muted in trade. Its Q2 numbers are scheduled to be announced on November 8. The stock has delivered over 48% returns in the last one year and has been a top performer in the auto space. In terms of market share it is the third largest and has been instrumental in making vehicle safety a key USP for customers. The Tata Nexon was India’s first all 5-start rated car by Global NCAP. The Tata Curvv EV and ICE variants along with Tata Nexon CNG are some of the most recent launches by the company. 2025 is set to be an extremely busy year for Tata Motors in terms of new launches. The much talked about Tata Avinya will also debut next year.

This article was first uploaded on October ten, twenty twenty-four, at forty-nine minutes past eight in the morning.