Tata Group companies’ shares on a roll, jump up to 13% - Tata Motors, Titan and Indian Hotels stocks surge most

Fuelling the surge in the market on Thursday, the Tata Group companies’ shares have been on a roll, soaring up to 13 per cent on the BSE intraday trade. As many as 16 out of 17 Tata Group companies’ stocks were in the green with the majority of the gain is from Titan and Tata Motors today. 

Tata Group companies’ stocks were trading higher intraday today on the back of multiple triggers, which includes second-quarter update of Titan, Q2 FY22 results tomorrow of TCS, better-than-expected sales number of Tata Motors and overall unlock theme is aiding these counters.  

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Individually, Tata Motors surged most of all, aiding the maximum surge in the benchmark, up over 13 per cent, followed by Titan Company spurted around 11 per cent, both the stocks hit a new all-time high of Rs 380.55 and Rs 2378.35 per share on the BSE intraday. 

Other two Tata Group company stocks from broader markets that touched their fresh life highs during Thursday’s session are Tata Power and Tata Elxsi. The former gained over 5 per cent to Rs 184.4 per share and the latter jumped almost 4 per cent to Rs 6389 per share on the BSE intraday. 

All the five index heavyweights — Tata Motors, Tata Consultancy Services (TCS), Tata Consumer Products, Tata Steel, and Titan are leading the surge in the benchmark indices, as Nifty50 minutes ahead of market open is gaining around 1 per cent intraday today. 

Individually, Index majors such as TCS, Tata Consumer and Tata Steel surged over 2, 1, and 2 per cent to Rs 3899.65, Rs 830.75, and Rs 1306.45 per share on the BSE intraday trade today. 

Other Tata Group companies from broader market sections such as Tata Coffee up around 3.5 per cent, Tata Communication up 1.2 per cent and banking heavily on the opening theme — Indian Hotels Company Limited soared over 7 per cent on the BSE intraday trade on Thursday.