Tata Sons IPO: How 7 Tata Group stocks performed this week amid IPO buzz
Tata Group stocks witnessed sharp volatility this week as developments around the Tata Sons IPO triggered strong buying and selling. Tata Chemicals led the gains with a 13% rise, while Tata Investment Corp gained 8%. Tata Power, IHCL and Tata Motors Passenger Vehicles also ended higher despite Friday’s sell-off.
During the recent week, Tata Sons' IPO news caused significant fluctuations in Tata Group stocks. Tata Chemicals experienced the most dramatic swings, with shares surging 20% on Tuesday after the RBI rejected Tata Sons' voluntary surrender request. The stock later dropped 11% on Friday, but still gained 13% during the week due to its 2.5% stake in Tata Sons, worth Rs 30,052 crore.
Tata Motors saw a 1% gain during the week, while Tata Steel rose 1.4% overall. Tata Power closed the week up 3%, with a 1.65% stake in Tata Sons. The Indian Hotels Company (IHCL) gained 2% over the week, holding a 1.11% stake in Tata Sons. Tata Consumer Products finished flat with 0.5% gains, owning a 0.43% stake. Tata Investment Corporation saw an 8% increase during the week, with a 0.08% stake.
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