Tata Group stocks are expected to draw significant attention on Thursday following the passing of Ratan Tata, the legendary industrialist and chairman emeritus of Tata Sons, on Wednesday night. His contributions played a pivotal role in shaping one of India’s biggest business empires.
In an official statement, Tata Sons chairman N Chandrasekaran expressed his grief, saying, “We deeply mourn the loss of Mr. Ratan Naval Tata. His unmatched leadership has shaped not only the Tata Group but the very foundation of our nation.”
ADVERTISEMENT
Be part of our community by downloading and registering on the Angel One app. Your support helps us keep delivering quality content.
Tata Group Stocks in 2024
This year, Tata Group stocks have shown impressive growth, with their combined market value rising by 15.4% since June 2024. Strong performances from key companies like Tata Consultancy Services (TCS) and Tata Motors have contributed to this surge.
Experts highlight that Tata Group stocks are attractive to investors because they provide diversification across different sectors, regular dividends, and the potential for long-term capital growth. Following Ratan Tata’s death, investors will be paying close attention to the group’s succession plan, which could have a significant impact on stock performance.
TCS Q2 FY25 Results
Meanwhile, Tata Consultancy Services (TCS) is preparing to announce its earnings for the quarter ending September 30, 2024. The company filed this update with the stock exchange, confirming that its board of directors will meet on October 17 to review the unaudited financial results for the quarter.
TCS shares closed at ₹4,258 on October 9, just before the Q2 earnings announcement, marking a 0.13% gain.
Tata Technologies IPO Success
In other Tata Group news, Tata Technologies made a successful stock market debut in November 2023. It was the group’s first IPO in 19 years and one of the most anticipated IPOs of the year.
The company’s stock opened at ₹1,200 and closed at ₹1,328 on its first day, marking a 140% premium over the IPO price. Tata Technologies’ public offering was heavily oversubscribed, receiving over 73 lakh applications, and saw strong interest from both retail and institutional investors.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
ADVERTISEMENT
Angel One gives free daily stock tips and detailed research on their mobile app. With easy risk management, you can improve your experience and increase your stock market investments.
