Tata Group Stocks Rise Up to 10% After Ratan Tata’s Passing - Read Now
On Thursday, shares of Tata Group companies surged as much as 10%, with stocks like Tata Chemicals and Tata Teleservices leading the gains. This market movement comes after the sad news of Ratan Tata, Chairman Emeritus of Tata Sons, passing away late on Wednesday at the age of 86. Tata played a key role in transforming the group into a global business empire, and his legacy continues to inspire investors.
Tata Group Stocks Surge
Shares of several Tata Group companies saw significant gains on Thursday. Tata Investment Corporation led the rally, jumping 10.47% to trade at ₹7,235.80 per share. Other major gainers included Tata Chemicals, which rose by 6.26% to ₹1,174.85, and Tata Teleservices Maharashtra, which surged by 5.84% to ₹83.77. Tata Elxsi saw a 3.37% increase, reaching ₹7,867.80, and Tata Power went up by 2.56%, trading at ₹472.70 on the BSE.
Additionally, shares of Tata Technologies, Rallis India, Nelco, Tejas Networks, TajGVK Hotels & Resorts, and Indian Hotels & Company also posted gains. Stocks like Tata Steel rose by 0.91%, Tata Communications increased by 0.84%, and Tata Consultancy Services (TCS) saw a modest rise of 0.21%. Tata Consumer Products gained 0.17%, while Voltas and Automotive Stampings & Assemblies also saw small increases of 0.24% and 0.23%, respectively.
However, not all Tata Group stocks saw gains. Trent, the group’s retail arm, slipped 0.90%, trading at ₹8,146.35, while Titan fell by 0.81% to ₹3,465.80. Tata Motors also saw a slight dip of 0.40%, trading at ₹935.35.
Market Outlook and Investor Sentiment
V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services, encouraged investors to reflect on the immense growth of the Tata Group and the importance of long-term investments. He emphasized that Tata's visionary leadership created opportunities for millions of ordinary investors to grow their wealth through strategic investments in Tata stocks.
“The passing of Ratan Tata is a great loss, but his legacy will inspire generations. Investors can pay tribute to him by investing in Tata stocks like TCS, Tata Motors, Tata Steel, Tata Consumer, and Indian Hotels,” Vijayakumar said.
TCS Cancels Press Conference
In light of Ratan Tata's passing, TCS canceled its scheduled press conference to announce Q2 results. However, a scheduled call with analysts will still take place as planned at 7 PM.
The final rites for Ratan Tata are scheduled to take place after 4 PM on Thursday in Mumbai’s Worli area.
Also Read: TCS Q2 Results: Revenue Meets Expectations, Profits Miss the Mark - Read Now
