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This Tata Group stock delivered 320% returns in 10 months


This Tata Group stock delivered 320% returns in 10 months
Shares of Tata Power rallied 322 per cent in last 10 months from its 52-week low of Rs 27, touched on April 12, on improved outlook and higher power demand
Chitranjan Kumar | March 4, 2021 | Updated 16:24 IST
TATA Power share price ends 3.9% higher at Rs 109.35
Shares of Tata Power surged over 8 per cent intraday to hit 52-week high of Rs 114 on Bombay Stock Exchange on Thursday, in an otherwise weak broader market. The stock has rallied 322 per cent in last 10 months against 52-week low of Rs 27, hit on April 12  amid improved outlook and higher power demand.
The S&P BSE Power index was the top gainer on sectoral space, surging 1.43 per cent on the back of surge in buying in Adani Power, Tata Power, BHEL, NHPC and Torrent Power stocks. Adani Power, Torrent Power, Adani Transmission and NHPC hit their respective 52-week highs on the BSE on higher power demand. ....

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IRCTC stock surges 32% in a month, hits all-time high


IRCTC stock surges 32% in a month, hits all-time high
This PSU railway stock has rallied 160 per cent against its 52-week low of Rs 774.85, touched on March 26, 2020
BusinessToday.In | March 4, 2021 | Updated 17:25 IST
IRCTC share price rises 7% on Thursday
Shares of IRCTC, the catering and e-ticketing arm of Indian Railways, jumped nearly 7 per cent to hit all-time high of Rs 2,014.60 on the BSE amid spurt in volume trade. The PSU railway stock breached its previous high of Rs 1,995, touched on February 25, 2020. The stock has rallied 32 per cent over one month period as compared to less than 1 per cent gain in the BSE benchmark Sensex. The recent rally in the stock is attributed to the Offer for Sale (OFS) offered by the company in December 2020. The investors also remained bullish on the stock on roll-out of the COVID-19 vaccine, which is likely to improve sentiment for the travel industry. ....

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