Six Tata Group stocks surge to all-time high on last trading session of CY23

Even as Indian equities witnessed profit booking on the last trading day of CY23 after a stellar rally in the last two months, Tata Group stocks emerged winners on D-Street on Friday, December 29.

Six stocks from the diversified conglomerate marked an all-time high today.First and foremost, two of the group's 50 constituents, Tata Motors and Tata Consumer Products, logged an all-time high of Rs 802.9 and Rs 1,082 per share. The former got a boost as India promotes electric vehicle manufacturing in the country, and Tata Motors is reportedly said to be expanding in the space.

Tata Consumer Products (TCPL), on the other hand, jumped as the company's merger with Tata Coffee will be effective January 1. As part of the scheme, Tata Coffee’s plantation business shall be demerged into TCPL Beverages and Foods, while the remaining business of the company shall be merged with TCPL.

Meanwhile, Tata Coffee shares also logged a new record high of Rs 322.45 apiece on the NSE.

Trent, which runs the famous Westside and Zudio stores, among others, also scaled a new high of Rs 3,059.9. This stock from the pack has delivered 125 per cent in the last one year.

Furthermore, Benares Hotels, which primarily operates hotels such as The Gateway Hotel Ganges, Nadesar Palace in Varanasi, and The Gateway Hotel in its network, also clocked a new high of Rs 9,050. This is another multi-bagger stock under the Tata Group, with a staggering return of 247 per cent.

Tinplate Company of India, which is a subsidiary of Tata Steel, also notched a fresh high of Rs 455.7 per share on the NSE. The company manufactures various grades of electrolytic tinplates, tin-free steel sheets, and full hard cold-rolled sheets (FHCR) used for metal packaging.