Tuesday, April 16, 2024

Stock Market | Dominance of the Tata Group! FPIS invests in auto shares in India | leader


The market is closed on Friday, March 8 due to Mahashivratri. Although Nifty closed at 22493.55 on Thursday, Nifty planted its flag above 22500 by setting a fresh high of 22525.65 on the same day. Now if Nifty reaches the important milestone of 23000 this week, will it touch 24000 by the end of the month? Sensex has crossed 74000 and is standing there (74119.39). (stock market)

But, this week, Nifty Bank held a good rally. It closed at 47835.80, up nearly three percent. 48636.45 is its previous high. If that too is broken this week, Nifty Bank's race towards 50k will begin.

Last week, the third quarter GDP growth gave a pleasant shock to the market. Now Moody's has also raised its forecast of India's GDP growth to 8 percent in 2024 from 6.6 percent earlier. Moody's says that capital spending and consumption by the Indian government will help India achieve this growth rate.

What is the reason for the boom in all these companies at the same time? So, Tata Sons is the holding company of all the companies in the Tata Group. The Reserve Bank had awarded Tata Sons the status of Upper Layer Non Banking Finance last year. According to this, within three years, Tata Sons will have to register in the stock market and in connection with this, the IPO of Tata Sons may come in the market in September 2025. This is the result! Because, this IPO of Tata Sons will be the biggest IPO not only in the history of Tata, but also in the history of Indian stock market.

Tata Investment Corporation Ltd. in the top list. This share has increased by 80 percent in one month and 382 percent in the last one year. This share, which was available for Rs 1730 a year ago, is close to ten thousand today. Another news from the Tata Group is that Tata Motors will split into two separate companies namely Passenger Vehicles and Commercial Vehicles. Both the news sent Tata Motors up seven percent for the week and also crossed the Rs 1,000 milestone.

Foreign Portfolio Investors Zr (FPIS) has increased its investment in shares of auto companies in India, according to a report in Friday's edition of the Economic Times. Equity AUM of FPIS in India is Rs. 763 billion dollars. Its Sectorwise Allocation at the end of February is as follows : (Percentage)

Financial Services – 28.79
IT – 10.29
Oil & Gas – 9.50
Automobile – 7.14
FMCG – 6. 35
Health Care – 5.95
Capital Goods – 4.62
Power – 4.47
Consumer Services – 3.45
Consumer Durables – 3.11
The sectors in which FPIS has recently increased investment are Consumer Services, Auto, Capital Goods, Power and Health Care Va Oil & Gas, Financial Services, FMCG, IT, Media they have reduced their investment. Readers should not mind looking at the shares of Tata motors, M & M, Havells, L & T, Tata Power, Narayan Hrudayalaya with a one year perspective. (stock market)

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