In a month characterized by sector-specific corrections, domestic mutual funds (MFs) showed significant conviction in the Tata Group ecosystem. According to PRIME Database, MFs increased their stakes in over a dozen Tata stocks during March 2026, signaling institutional confidence in the conglomerate’s long-term fundamentals.
Top Tata Stocks by MF Net Buy (March 2026)
| Company | Net Buy (₹ Crore) | MF Stake (March) | MF Stake (Feb) |
| Tata Motors Ltd | ₹1,458.13 | 10.58% | 9.67% |
| TCS | ₹1,288.21 | 5.76% | 5.61% |
| Titan Company | ₹458.00 | 8.43% | 8.30% |
| Tata Capital | ₹458.00 | — | — |
| Tata Power | ₹442.00 | 9.14% | 8.79% |
| Trent | ₹412.91 | 13.99% | 13.66% |
| Tata Consumer | ₹200.00 | — | — |
Key Stock Highlights
1. Tata Motors: The “Buy on Dip” Favorite
Despite the stock falling 22.6% in March, mutual funds poured over ₹1,458 crore into the counter.
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The Logic: Institutional investors seem to be looking past short-term price volatility to capitalize on the lower valuations.
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Note: Tata Motors Passenger Vehicles (TMPV) received a ‘HOLD’ rating from ICICI Direct with a target of ₹370, citing concerns over JLR’s margin recovery and rising leverage.
2. TCS: Countering the AI Narrative
TCS witnessed heavy buying of ₹1,288 crore even as the IT sector faced pressure from global AI-related shifts.
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Brokerage View: Following Q4 results, analysts have set targets of up to ₹3,350, seeing value in the IT major’s steady execution.
3. Titan: Jewelry Growth Sparks Interest
Funds raised their stake in Titan to 8.43% following a stellar Q4 update where the jewelry segment grew 46% YoY.
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Target Prices: Motilal Oswal (MOFSL) remains bullish with a target of ₹5,200, while Antique suggests ₹5,149.
4. Tata Power: Steady Projections
With a net buy of ₹442 crore, Tata Power is expected to maintain stability.
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Q4 Expectations: Nuvama expects revenue to grow 8.78% YoY to ₹18,597 crore, with an EBITDA margin of roughly 19.9%.
The Outlier: Tata Steel
While most Tata stocks saw accumulation, Tata Steel stood out as the primary exception. Mutual funds were net sellers to the tune of ₹400 crore in March, likely reflecting the broader correction and global volatility in the metals sector (which, as noted in earlier reports today, is only just beginning to see a select recovery in smallcaps).
Investor Insight: The massive inflow into Tata Motors and TCS suggests that domestic fund managers are using recent market corrections to build larger positions in “Blue Chip” Indian industry leaders.
Are you looking to see how these March “buys” have translated into today’s stock prices (April 15)? For example, Tata Motors PV is currently trading near ₹356, close to ICICI Direct’s hold target.
