Tata Group stocks in focus: Tata Group companies such as Tata Investment Corporation, Tata Chemicals, Tata Motors, Tata Power, Tata Elxsi, Tata Consumer Products, and Tata Communications, among others, were in demand on Tuesday, December 24, 2024, with these scrips rallying up to 12% in intraday deals on the BSE.
Individually, Tata Investments led the pack, rising 11.83 percent to an intraday high of Rs 7,305/share. Similarly, Tata Chemicals jumped 3.99 percent to Rs 1,076.20 per share, Tata Motors rose 2.51 percent to Rs 740.70, Tata Elxsi soared 1.60 percent to Rs 7,010, TCS gained 1.45 percent to Rs 4,217.30, Tata Power increased 1.38 percent to Rs 405.35, and Tata Consumer Products rose 1.05 percent to Rs 911.20, while Tata Communications jumped 1.12 percent to Rs 1,729.65. On the other hand, Tata Steel lost 1.05 percent to an intraday low of Rs 140.20 a share.
Tata Group firms' shares rose on news that Tata Capital intends to raise Rs 15,000 crore through an initial public offering (IPO). According to the article, the offering will include both main and secondary share sales.
This IPO follows the Tata Technologies IPO, which made its debut on the stock exchanges on November 30, 2023. Tata Technologies debuted on the market at a massive 140% premium to its issue price of Rs 500.
