Mumbai: A day after the death of Ratan Tata, the Chairman Emeritus of Tata Sons, the stocks of Tata Group companies are expected to be in focus on Thursday. The shares of Tata Power, Tata Consultancy Services (TCS), Tata Chemicals, Tata Steel, Tata Motors, Tata Technologies and others will be in news today.
Tata Sons chairman N Chandrasekaran confirmed that his friend and veteran industrialist Ratan Tata died at a Mumbai hospital late on Wednesday night. Ratan Tata breathed his last after being admitted to the Breach Candy Hospital in south Mumbai for a few days.
Tata Power share price
The shares of Tata Power are likely to remain in focus today as Nomura has given a Buy rating on the Tata Group stock It projected the scrip to rise to the level of Rs 560. Tata Power shares appreciated around 7 per cent in the last six months and over 80 per cent in the last one year. The stock ended at Rs 462.50 on October 9.
Tata Steel share price
Tata Steel shares closed at Rs 158.30 per equity share. The stock gained around 26 per cent in the past one year. In its first quarter results for the financial year 2024-25, Tata Steel registered a 75.01 per cent rise in its consolidated net profit. The company recorded a profit of Rs 918.57 crore, as compared to Rs 524.85 crore in the June quarter of 2023-24.
Tata Technologies share price
Tata Technologies shares made a dream debut on November 30, 2023. The shares of Tata Techgot listed at Rs 1,200 per equity share, i.e. with 140 per cent gains. The issue price was Rs 500. However, the counter failed to keep up the momentum and has dropped around 20 per since its debut. Tata Tech share finished at Rs 1051 on October 9.
TCS share price
Tata Consultancy Services Ltd is one of the most valued companies in regards to the market capitalisation. TCS is the biggest IT company in India as per the market capitalisation and is featured in the top 10. The IT stock closed at Rs 4,258.95 on 9th October.
Tata Chemicals share price
Tata Chemicals shares closed at Rs 1,102.55 apiece. The stock declined around 5 per cent in the last 6 months and around 8 per cent in the last one year. In its Q1 2024-25 Results, Tata Chemicals Limited stated that the income from operations stood at Rs 3,789 crore as compared to Rs 3,475 crore in the first quarter of 2023-24. EBITDA was recorded at Rs 574 crore, while PAT (before exceptional items and non-controlling Interest (‘NCI’)) from continuing operations stood at Rs 175 crore.
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The shares of Tata Group companies – Tata Technologies, Tata Consultancy Services (TCS), Tata Chemicals, Tata Power, Tata Steel, and Tata Motors are expected to be in focus on October 10, 2024. Ratan Tata passed away on October 9 night. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
