Synopsis
In the last few years, the overall re-rating in the Indian markets has largely been sector-based. But there has been a re-rating based on ownership as well. The Tata Group is a prime example. A number of Mahindra Group companies have also been re-rated. In the context of the Tata Group, let’s see what this means for shareholders. Till a few years back, despite being listed for decades, the overall returns on Tata Group stocks – barring one or two companies – were not very high. But, under new leadership, the house was “put in order”. The result: In the last five years, most group stocks have made up for their past underperformance – and market capitalization has gone up multiple times.Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Is the Kumar Mangalam Birla-led Aditya Birla Group at an inflection point? The group is moving into new businesses and has also refocused its priorities with restructuring taking place in some companies.So why ask this question at this point?In the past four years, beside different sectors getting re-rated, another sort of re-rating has been happening on the street. As mentioned earlier, this is re-rating based on ownership – that is, involving
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