Trent loses its position as 4th largest Tata Group Co by market cap to this stock

The Tata Group is one of India’s largest and most respected conglomerates, with a diverse presence across industries like automotive, steel, technology, telecommunications, and consumer goods. Known for its commitment to innovation, sustainability, and ethical business practices, Tata has a strong global footprint and a legacy of excellence. 

Price Movement 

With a market capitalization of Rs 1.88 lakh crore, the shares of Tata Steel Ltd were trading at Rs 151.40 per share, increasing around 3.63 percent as compared to the previous closing price of Rs 146.15 apiece. 

Matter explanation 

According to BSE, Trent has lost its position as the fourth-largest Tata Group company to Tata Steel in terms of market capitalization. The stock has plunged 40% from its October highs, causing it to slip down the rankings, reflecting a significant correction in its valuation. 

As of March 6, Tata Steel’s market cap stands at Rs 1.88 lakh crore, exceeding Trent’s Rs 1.79 lakh crore by Rs 10,273 crore. Notably, the gap was Rs 95,000 crore in October 2024, when Trent’s shares hit a record Rs 8,345, reflecting a significant shift in valuations. 

Moreover, with a market capitalisation of about Rs 2 lakh crore, Tata Steel now represents 6.9 percent of the Tata Group’s combined market capitalisation, surpassing Trent, which now holds 6.5 percent. The Tata Group, India’s largest conglomerate, currently boasts of a market capitalisation of Rs 27.5 lakh crore. 

Brokerage Recommendation 

Tradebrains, one of the well-known research firms, gave a ‘Buy’ call on the steel stock with a target price of Rs 168 apiece, indicating a potential upside of 11 percent from Thursday’s price of Rs 151 per share. 

Also read: Aluminium stock under ₹100 jumps 5% after company to expands its manufacturing business

Industry Overview 

Global steel prices remained subdued, with China’s steel at $480/ton despite stimulus efforts. China’s record steel exports of 111 million tons in 2024 pressured Indian steel prices, as domestic demand growth slowed. The DGTR has launched an investigation to assess safeguard duties on rising steel imports. 

Strategic Initiatives 

The company prioritizes customer-centricity and value creation, with 75% of automotive steel sales being processed or ready-to-use. It’s Aashiyana e-commerce platform supports homebuilders with 30+ service centers. Committed to responsible growth, it reduces emissions and promotes workplace equality, including an all-women shift at an Indian mine.

Future Outlook 

Tata Group aims to enhance Kalinganagar’s operations, improving cost efficiency and productivity. It expects Rs 4,000+ crore net working capital release through better management. Additionally, cost reduction initiatives in the Netherlands are set to drive improved performance, positioning the company for stronger financial and operational results in FY2026. 

Company Profile 

Tata Steel Limited is an India-based global steel company with an annual crude steel capacity of approximately 35 million tons per annum. The Company is primarily engaged in the business of manufacturing and distribution of steel products across the globe. 

Written by Abhishek Singh

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