On November 28, Bajaj Holdings & Investment Ltd (BHIL) invested ₹29 crore in three prominent companies, highlighting its strategic focus on IT and telecommunications. The group’s holding entity made a fresh acquisition of Tata Consultancy Services (TCS) shares worth ₹8.52 crore. It also increased its stakes in Mphasis and Bharti Airtel, purchasing shares worth ₹4.4 crore and ₹16 crore, respectively. 

BHIL’s total portfolio value reached ₹2.1 lakh crore at FY24’s close, spread across nearly 45 companies. With a market capitalisation of ₹1.15 lakh crore, it contributes significantly to the Bajaj Group’s ₹11.5 lakh crore valuation, making it the fifth-largest Indian conglomerate. In 2024, BHIL shares surged by 35%, outperforming the Nifty50’s 10% gain.

Here are the stocks in which Bajaj Holdings has recently acquired a fresh stake:

1. Tata Consultancy Services 

Tata Consultancy Services (TCS), founded in 1968, is a leading Indian multinational IT services company headquartered in Mumbai. A subsidiary of Tata Sons Pvt Ltd, TCS offers a wide array of services, including IT infrastructure management, engineering services, cloud computing, and consulting. Renowned software products like TCS, BaNCS, and Ignio bolster its portfolio.

Recognised as India’s largest company by market capitalisation, it ranks seventh on the Fortune India 500 list. A pioneer in digital transformation, TCS serves diverse industries such as banking, healthcare, retail, and telecommunications, solidifying its status as a global IT powerhouse.  

TCS Limited’s revenue from operations has increased by 6.84 percent from Rs. 2,25,458 crore in FY23 to Rs. 2,40,893  crore in FY24. The company’s net profit has increased from Rs. 42,303 crore in FY23 to Rs. 46,099 crore in FY24, which has grown by 8.97 percent. 

With a market capitalisation of Rs. 15,46,913 crores, TCS Limited’s share price closed at Rs. 4,273.4 per equity share.

2. Mphasis  

Mphasis, established in 1998 and headquartered in Bangalore, is an Indian multinational IT services company specialising in cloud computing, digital transformation, and application development. With a strong emphasis on cognitive technologies, Mphasis caters to industries like banking, financial services, insurance, healthcare, and logistics.

Its offerings include infrastructure management and business process outsourcing, making it a versatile player in IT services. Known for strategic acquisitions and partnerships, the company continually enhances its capabilities to meet evolving market demands. Mphasis is lauded for its customer-centric solutions and steady revenue growth, reflecting its commitment to innovation and excellence in delivering transformative IT solutions globally.  

Mphasis Limited’s revenue from operations has decreased by 3.7 percent from Rs. 13,798 crore in FY23 to Rs. 13,279 crore in FY24. The company’s net profit has decreased from Rs. 1,638 crore in FY23 to Rs. 1,555 crore in FY24, which has declined by 5 percent. 

With a market capitalisation of Rs. 56,287 crores, Mphasis Limited’s share price closed at Rs. 2,969.65 per equity share.

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3. Bharti Airtel  

Bharti Airtel Limited, founded in 1995 by Sunil Bharti Mittal, is a prominent Indian telecommunications company with operations across Asia and Africa. Based in India, Airtel offers diverse services, including mobile telephony, broadband internet, digital television (DTH), and enterprise solutions. It also operates the innovative Airtel Payments Bank.

As one of the world’s largest telecom operators by subscriber count, Airtel has consistently delivered robust financial performance, driven by growth in digital services and subscriber base. Competing with major players like Reliance Jio and Vodafone Idea, Airtel stands out for its innovative offerings and commitment to connectivity in India’s competitive telecom market.

Bharti Airtel Limited’s revenue from operations has increased by 7.78 percent from Rs. 1,39,145 crore in FY23 to Rs. 1,49,982 crore in FY24. The company’s net profit has decreased from Rs. 12,287 crore in FY23 to Rs. 8,558 crore in FY24, which has declined by 30.34 percent. 

With a market capitalisation of Rs. 9,28,605 crores, Bharti Airtel Limited’s share price closed at Rs. 1,630.75 per equity share.

Written By Fazal Ul Vahab C H

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