Tata Group stocks rise up to 10%
The Hindu
Tata Group stocks rise after Ratan Tata's passing, investors urged to honour his legacy through long-term investments.
Shares of Tata Group companies on Thursday (October 10, 2024) rose up to 10%, with Tata Chemicals and Tata Teleservices among the major gainers.
Tata Sons Chairman Emeritus Ratan Tata, who played a key role in transforming the group into a global conglomerate, passed away late on Wednesday (October 9, 2024). He was 86.
“Investors can pay tribute to Ratan Tata and the great corporate empire he built by buying stocks like TCS, Tata Motors, Tata Steel, Tata Consumer and Indian Hotels.
“Ratan Tata, while pursuing the group’s growth, contributed substantially to India’s growth and millions of ordinary investors gained from the great man’s vision,” V.K. Vijayakumar, chief investment strategist at Geojit Financial Services, said.
The stock of Tata Investment Corporation soared 10.47% to trade at ₹7,235.80 apiece, Tata Chemicals climbed 6.26% to ₹1,174.85, Tata Teleservices Maharashtra jumped 5.84% to ₹83.77, Tata Elxsi rose 3.37% to ₹7,867.80, Tata Power went up 2.56% to ₹472.70 on the BSE.
Also, shares of Tata Technologies, Rallis India, Nelco, Tejas Networks, TajGVK Hotels & Resorts, and Indian Hotels & Company also rose on the bourse.
In addition, the scrip of Tata Steel rose 0.91%, Tata Communications (0.84%), Tata Consultancy Services (0.21%), Tata Consumer Products (0.17%), Voltas (0.24%) and Automotive Stamplings & Assemblies (0.23%) on the BSE.
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