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On an average, Tata stocks gave a mindblowing return of 85% during the financial year. Retail investors ignored institutional investors who have been valuing holding companies at a discount to the underlying value of their holdings.
Zomato was the top performer from the new age technology pack, giving a staggering 258% return to investors in FY24. This was after a 38% correction witnessed in FY23.
In the recent past, the stock came under extreme pressure, falling 170% in just over two months of 2024. In the last 3 months, the shares have lost 225%.