Shares of Tata Group companies, Tata Chemicals and Tata Teleservices, rose over 5 per cent on Thursday, even as the nation mourns the death of Tata Sons Chairman Emeritus Ratan Tata who played a key role in transforming the group into a global conglomerate.
At the time of writing this report, Tata Teleservices was up over 6 per cent while Tata Chemicals gained over 5 per cent. The stock of Tata Investment Corporation soared 10.47 per cent to trade at Rs 7,235.80 apiece.
Other major gainers from the Tata pack of companies include Tata Coffee which went up by 3 per cent, Tata Elxsi, which rose over 2 per cent, and Tata Power which was trading nearly 2 per cent higher.
Nelco, Indian Hotels, Tata Technologies, and Tejas Networks rose over 1 per cent. Tata Steel rose 0.91 per cent, Tata Communications (0.84 per cent), TCS (0.21 per cent), Tata Consumer Products (0.17 per cent), and Voltas went up by 0.24 per cent.
However, Trent slipped 0.90 per cent, Titan fell and Tata Motors was down 0.40 per cent even as Sensex was trading higher by 220 points at 81,699.
"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. Ratan Tata, while pursuing the group's growth, contributed substantially to India's growth and millions of ordinary investors gained from the great man's vision," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, was quoted as saying.
Meanwhile, TCS cancelled a press conference scheduled on Thursday to announce its second-quarter results.
