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Economic Times
6 minutes ago
- Economic Times
Tata stocks lose over Rs 8 lakh crore in 11 months. Is it time to revisit your portfolio allocations?
Tata Group's market capitalization plummeted by over Rs 8.25 lakh crore in 11 months due to global economic uncertainties and sector-specific challenges. Major stocks like TCS, Tata Motors, and Trent experienced significant declines, impacting overall group performance. While some stocks showed resilience, the substantial value erosion prompts investors to reassess their portfolio allocations. Tired of too many ads? Remove Ads TCS: Sector storm, execution drag and delayed spends Tired of too many ads? Remove Ads Tata Motors: Once high-flying, now range-bound Trent: From retail rocket to growth shock Tired of too many ads? Remove Ads Titan, Tata Power and Voltas among heavy drags Tata Communications, Tata Elxsi, Tejas see steep corrections Resilience in hotels, chemicals and investments The group-wide view The Tata Group has seen its market capitalization shrink by over Rs 8.25 lakh crore in the 11 months since September 27, 2024, with investor sentiment turning sharply amid global macroeconomic turbulence, faltering demand, and company-specific shocks across multiple verticals. From Rs 34.56 lakh crore at its peak, the group's listed market cap now stands at Rs 26.31 lakh crore as of August 5, 2025, a 23.87% comes despite a strong five-year performance. According to Tata Sons ' FY25 annual report, 'the group nearly doubled revenue and more than tripled net profit and market cap over the past five years, during which it spent Rs 5.5 lakh crore.' It added that revenue from all listed and unlisted entities in FY25 stood at Rs 15.34 lakh crore, with net profit at Rs 1.13 lakh crore and market cap at Rs 37.84 lakh over the past year, nearly every major Tata Group stock has seen a sharp drop. Tata Consultancy Services ( TCS ), Tata Motors , and Trent alone account for nearly two-thirds of the decline, driven by industry-wide pressures in tech, demand shocks in retail, and geopolitical drag in known as a buy-and-hold stock that could double money every five years, TCS shares are now enduring their worst phase since the 2008 financial crisis. The stock is down nearly 29% over the last 11 months, erasing over Rs 4.5 lakh crore in market value, the single largest contributor to the group's troubles are emblematic of broader industry issues, with the entire IT sector grappling with concerns over client spending in the USA, macroeconomic uncertainties, and AI-led transformation Q1 results underscored the slowdown. Revenue fell 3.3% quarter-on-quarter in constant currency. While deal wins were healthy at $9.4 billion, no mega deals were signed. Management said: 'Delays in decision-making and project starts with respect to discretionary investments continued from Q4FY25 and intensified further in Q1FY26.'The company also announced layoffs of 2% of its workforce, about 12,000 employees. Jefferies flagged the move, warning it 'may lead to execution slippages in the near-term and higher attrition in the longer-run.'Elara downgraded the stock, citing 'delays in discretionary spending' and 'impact of geopolitical tensions in Europe.' Nomura cut its EPS forecasts and target Motors saw its market cap fall 34% or over Rs 1.24 lakh crore. Its stock is down 43% from its record high, impacted by weakening demand and policy headwinds.U.S. President Donald Trump's 25% tariffs on Indian auto exports to the U.S. weighed heavily on sentiment. Q4 FY25 earnings were weak: net profit fell 51% to Rs 8,470 crore, revenue remained flat, and margins analysts remain cautious. 'It would be premature to call a trend reversal in Tata Motors,' said Kunal Kamble. 'Until it closes above Rs 745, bearish pressure remains intact.' Others, like Anuj Gupta, note that monsoons and festival demand may offer some upside, especially in the EV the retail powerhouse behind Zudio and Westside, saw a sharp 32% drop in value since September, erasing Rs 89,078 crore in market cap. It has fallen 24% in 2025 indicated that the core fashion business would deliver around 20% growth in Q1FY26E, far below the 25%-plus growth aspiration for the coming years, triggering disappointment at its AGM.'The soft demand environment and sourcing issues might have impacted this below-consensus result,' HSBC analysts said, pointing to sourcing disruption from cut the stock to 'Hold' and slashed its target price to Rs 5,884 from Rs 6,627. HSBC trimmed its price target as well, while maintaining a 'Buy' and lifestyle major Titan lost over Rs 35,094 crore in market cap, a 10.36% Power erased Rs 31,889 crore, down 20.57% over the 11-months period, while Voltas fell 29.42%, wiping out over Rs 18,168 crore in value. The weakness in these consumer and utility plays reflects a broader slowdown in discretionary demand and sectoral rotation in domestic Communications lost over Rs 12,275 crore, down 20.25%, while Tata Elxsi, a key engineering services firm, fell 23.35%, shaving Rs 11,306 crore in value since September Networks was among the worst performers in terms of percentage decline. The stock plunged over 50.93%, dragging its market cap down by Rs 10,598 crore, amid concerns around telecom capex and weak near-term all Tata stocks India gained 14.28% in market cap, adding over Rs 911 crore, while Indian Hotels rose nearly 6%, increasing its value by Rs 5,943 crore between September 2024 and August Investment Corporation also moved higher by 4.25% during the period. Meanwhile, Benares Hotels, though small in size, posted a 16% rise. Tata Steel , despite global commodity volatility, lost just 4.14%, or Rs 8,614 crore, showing some relative short-term volatility, Tata Sons emphasised long-term value creation in its FY25 annual report, pointing to growth in fundamentals. 'The group nearly doubled revenue and more than tripled net profit and market cap over the past five years,' it markets, for now, are focused on current earnings risk and sectoral trends. With over Rs 8.25 lakh crore in value lost across 11 months, investors may indeed be asking: is it time to revisit your portfolio allocations?: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Hindustan Times
6 minutes ago
- Hindustan Times
Trump to shut down NASA missions that monitor carbon dioxide and plant heath
The Trump administration is moving to shut down two NASA missions that monitor a potent greenhouse gas and plant health, potentially shutting off an important source of data for scientists, policymakers and farmers. NASA said in an emailed statement on Wednesday that the missions were "beyond their prime mission" and being terminated "to align with the President's agenda and budget priorities".(AP File Photo) President Donald Trump's budget request for fiscal year 2026 includes no money for the Orbiting Carbon Observatories, which can precisely show where carbon dioxide is being emitted and absorbed and how well crops are growing. NASA said in an emailed statement on Wednesday that the missions were "beyond their prime mission" and being terminated "to align with the President's agenda and budget priorities". But the missions -- a free-flying satellite launched in 2014 and an instrument attached to the International Space Station in 2019 that include technology used in the Hubble Space Telescope -- still are more sensitive and accurate than any other systems in the world, operating or planned, and a "national asset" that should be saved, said David Crisp, a retired NASA scientist who led their development. They helped scientists discover, for example, that the Amazon rain forest emits more carbon dioxide than it absorbs, while boreal forests in Canada, Russia and places where permafrost is melting absorb more than they emit, Crisp said. They also can detect the "glow" of photosynthesis in plants, which helps monitor drought and predict food shortages that can lead to civil unrest and famine, he said. "This is really critical," Crisp said. "We are learning so much about this rapidly-changing planet." The decision to end the missions is "extremely shortsighted", said Jonathan Overpeck, a climate scientist at the University of Michigan. "The observations provided by these satellites ... (are) critical for managing growing climate change impacts around the planet, including in the US," he said. Looking to Congress Crisp and others hope Congress will vote to preserve funding for the missions, which are funded through the fiscal year that ends on September 30. A bill in the House closely aligns with the president's request and would eliminate the missions, while a Senate version preserves them. But with Congress in recess, it is unclear whether a budget will be adopted before the new fiscal year that begins on October 1. If it does not, Congress could adopt a resolution to continue current funding until a budget is passed, though some lawmakers fear the Trump administration could try to delay or withhold that money. Congressional Democrats warned acting NASA Administrator Sean Duffy last month that it would be illegal to terminate missions or impound funds already appropriated by Congress. Experts said the administration's move to eliminate funding aligns with other actions to cut or bury climate science. "The principle seems to be that if we stop measuring climate change, it will just disappear from the American consciousness," said University of Pennsylvania climate scientist Michael Mann. Backup plan Crisp and others also are trying to put together a coalition of outside partners -- including from Japan and Europe -- that could fund and operate the instrument attached to the space station. NASA said it will accept outside proposals through August 29. The free-flying satellite, though, is at risk of being brought down, meaning it would burn up in the atmosphere. National Public Radio first reported that NASA employees were making plans to end the missions. Crisp said advocates are hoping NASA also allows outside control of that satellite, which covers more of the globe, but there are legal hurdles to overcome because it would mean giving control of a US satellite to a group that could include foreign partners. "We are going out to billionaires. We are going out to foundations," Crisp said. 'But ... it is a really, really bad idea to try and push it off onto private industry or private individuals or private donors. It just does not make sense.'
Hindustan Times
6 minutes ago
- Hindustan Times
Parliament Monsoon Session 2025 Live: Key bills on agenda as Houses resume today amid Opposition uproar over Bihar SIR
Union Ministers Kiren Rijiju, Mansukh Mandaviya, Arjun Ram Meghwal, Jyotiraditya Scindia and other MPs in the Lok Sabha during the Monsoon Session of the Parliament, in New Delhi on Wednesday. Parliament monsoon session live: Lok Sabha and Rajya Sabha resume proceedings on Thursday amid uproar from the Opposition INDIA bloc demanding a discussion on the Special Intensive Revision (SIR) of electoral rolls in Bihar. However, the Union government has rejected the demand, citing the matter is sub judice before the Supreme More Union minister Kiren Rijiju said in the House on Wednesday, 'We all know that the matter of SIR is under the consideration of the Supreme Court. The matter raised by the opposition is clearly sub judice, so a discussion on this issue cannot be held in this House.' He invoked Rule 186 and Rule 352 of the Rules of Procedure and Conduct of Business to support the BJP-led government's stand. Rijiju further stated that the Election Commission of India, being an autonomous constitutional body, could not be subjected to House discussions on its functioning. A similar ruling had been given a day earlier in the Rajya Sabha by deputy chairman Harivansh Singh. The row over Bihar Special Intensive Revision (SIR) intensifies after the poll body released the draft voter roll data from Bihar's SIR exercise, excluding over 65 lakh voter enumeration forms. This triggered criticism from the Opposition, who accused the ECI of acting under pressure from the BJP-led central government. In an adjournment notice to the Lok Sabha Secretary, Congress MP Manickam Tagore alleged large-scale deletions and 'unjustified inclusions' in the draft rolls. The demand to debate the issue has led to frequent adjournments in both Houses of Parliament this session. Key bills and legislative business in Parliament today As per the Lok Sabha agenda, several important items are scheduled for discussion and passage today: 1. Manipur GST Ordinance: Finance Minister Nirmala Sitharaman will present an explanatory statement justifying the urgency behind promulgating the Manipur Goods and Services Tax (Amendment) Ordinance, 2025. 2. Anti-doping law changes: Union Sports Minister Mansukh Mandaviya will move amendments to the National Anti-Doping Act, 2022 for House approval. 3. Sports governance overhaul: Mandaviya will also introduce the National Sports Governance Bill, 2025, aimed at reforming the administration of sports bodies in India. 4. SC/ST reports: BJP MP Faggan Singh Kulaste will table the fourth report of the committee on SC/ST welfare, focusing on reservations in services and housing by the DDA. 5. Education and inclusion: TDP MP Daggumalla Prasada Rao will present a report assessing the role of universities and autonomous institutions like IITs, IIMs, and central universities in socio-economic development and reservation implementation. 6. Defence standing committee reports: BJP MPs Radha Mohan Singh and Virendra Singh will submit reports on the government's response to past recommendations concerning the Defence Ministry's budget for 2024-25. Marking a significant day on Wednesday, Parliament passed two maritime sector bills in one day—a first for the Ministry of Ports, Shipping and Waterways. The Lok Sabha cleared the Merchant Shipping Bill, 2024.
