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Tata Group Shares: The shares of Tata Group companies rose up to 10 percent on Thursday. Shares of Tata Chemicals and Tata Teleservices registered the highest gains. Ratan Tata, honorary chairman of Tata Sons, died late Wednesday night. He was 86 years old. V.K. Vijaykumar, chief investment strategist at Geojit Financial Services, said, “Investors can pay tribute to Ratan Tata and the great corporate empire he built by buying stocks like TCS, Tata Motors, Tata Steel, Tata Consumer and Indian Hotels.” He said, “Ratan Tata contributed significantly to India’s growth by driving the growth of the group and millions of ordinary investors benefited from the vision of this great man.”
Shares jumped by 10%
On the Bombay Stock Exchange’s index BSE Sensex, the stock of Tata Investment Corporation was seen trading at Rs 7,235.80 on Thursday afternoon, up 10.47 percent. The stock of Tata Chemicals rose 6.26 percent to Rs 1,174.85, the stock of Tata Teleservices Maharashtra rose 5.84 percent to Rs 83.77, the stock of Tata Elxsi rose 3.37 percent to Rs 7,867.80, the stock of Tata Power rose 2.56 percent to Rs 472.70. Apart from this, the stock of Tata Technologies, Rallis India, Nelco, Tejas Networks, TajGVK Hotels and Resorts, Tata Steel, Tata Communications, and Indian Hotels and Company also saw a rise on Thursday afternoon.
Who will be Ratan Tata’s successor?
At present, Ratan Tata’s step brother Noel Tata is on top among the potential heirs. Noel Tata was born to Ratan Tata’s father Naval Tata’s second wife Simone. Being a part of the family, Noel Tata’s name is being taken a lot among the heirs. Noel Tata has three children. They are Maya Tata, Neville Tata and Lia Tata. They are also among the potential heirs of Ratan Tata’s property.
