Adani Enterprises made a lower top-lower bottom formation on the daily chart, which is sign of weakness. At present, the stock has taken support at the demand zone.
Tata Investment Corporation Ltd, a listed holding company for several Tata group companies, has seen its shares rallying 39.47 per cent in the last four sessions on hopes of further value unlocking ahead.
Shares of Tata Motors Ltd hit a record high in early trade amid negative sentiment in the broader market today. With today’s rally, Tata Motors stock has recovered 981% from its Covid low in 2020. Tata Motors stock fell to a low of Rs 63.60 on March 24, 2020 after the Modi government imposed Coronavirus lockdown to prevent the spread of Covid-19 cases across the country. In the current session, Tata Motors shares gained 1.09% to a high of Rs 687.55 on BSE.
Tata Technologies, whose issue would kick off on Wednesday, November 22, is a subsidiary of Tata Motors. Tata Investment Corporation is a promoter group entity in Tata Motors.