Tata Group stocks have had a tough year

This year has been tumultuous for Indian equity benchmarks. The domestic indices, which were gaining momentum on hopes of a post-Covid era, shivered in February-end after Russia invaded Ukraine, which hurt investor sentiments. The central banks raised interest rates to tame inflation and made the markets jittery.

The stocks, which are considered fundamentally strong because of this uncertainty, also faced the heat. In 2022, the benchmarks of the BSE Sensex and the broader NSE Nifty fell more than 10 per cent.

The shares of Tata Group have also been volatile in sync. Some of the group companies have delivered gains while others have delivered losses. Some of the companies of the salt-to-software conglomerate are in the process of a merger. Tata Group is preparing to merge seven of its metal companies with Tata Steel to drive efficiencies and reduce costs.

Currently, some of the group's stocks are off their 52 week highs, as they track a weaker trend in equities amid global slowdown fears. Reports that the company may reduce the number of its listed entities from 29 to 15 resulted in a drop in the group's shares.

Here's a look at how some of the Tata Group stocks have fared in 2022:

The shares of Tata Group-owned Indian Hotels Company have surged more than 77 per cent this year, based on yesterday's closing price. The stock had a 52 week high of 337.30. Indian Hotels owns the Taj, Vivanta and Ginger.

The company aims to build a portfolio of 300 hotels, clock 33 per cent operating profit margin and 35 per cent share contribution from new businesses and management fees by the financial year 2025 -- 26 FY 26. Tata Elxsi has surged more than 50 per cent in 2022, according to a report by the company. The stock had reached a 52 week high of Rs 10,760. The company recorded a lot of growth in sales, profitability, and client acquisitions over the last year.

Trent, which operates the retail business under its flagship brand Westside, climbed nearly 36 per cent this year.

In terms of losses, Tata Teleservices Maharashtra fell more than 51 per cent this year. This was due to a much-awaited correction as the stock had given huge returns over the past despite any change in its business outlook.

The stock fell by a little over 19 per cent in 2022, and declined by a bit over 19 per cent. The company has increased its capital expenditure plans for the financial year 2023 FY 23 from $250 million to $300- 325 million.

The Tata Group shares traded on a lower note today. Tata Motors and Tata Chemical plunged more than 6 per cent as investors weighed the impact of Tata Group's plans to reduce the number of listed entities.