The benchmark index, Nifty 50, which represents the country’s top 50 blue-chip companies across various sectors, has soared 30% in FY24, ending 9 out of the last 11 months in the green.
Last week s excitement surrounding the potential IPO of Tata Sons boosted sentiment among retail investors. Consequently, stocks of Tata Motors, Tata Chemicals, Tata Power, and Indian Hotels, all having ownership stakes in Tata Sons, experienced substantial rallies.
Tata Investment Corp s shares surged by nearly 15% in today s trading session, reaching a record high of ₹6,725 per share. The surge marks a cumulative return of 23.40% over the past six days, attributed to increased trading volumes.