JM Financial said Tata Power is tapping high-margin group captive renewables opportunities, exiting low-value businesses, venturing into brownfield pumped hydro storage, and expanding transmission business.
Tata Technologies generated about 88 per cent of its revenues from the auto vertical in the first half of the ongoing financial year while Tata Elxsi generated 46 per cent of its revenue from the vertical during the same period.
Tata Group stocks: More than 50% of Tata Group stocks have outperformed the benchmark BSE Sensex and Nifty50 so far in 2023. Watch this Visual Story to see which Tata Group shares have been multibaggers in near-term, and should you buy?