New Delhi, March 20 (IANS) Tata Chemicals shares were down more than 8 per cent on Wednesday leading the trend as most Tata group shares except TCS trended down.
Tata Chemicals was down 8.12 per cent, Tata Motors by 2.4 per cent, Tata Steel by 1.8 per cent, Tata Investment by 5 per cent and Tata Consumer by 2.7 per cent.
Tata Chemicals had run up in the past week on the buzz of Tata Sons’ imminent listing. There has been a correction in some of the Tata group stocks ever since the buzz got diluted.
Tata Chemicals stock had been flagged by some brokerages as one of the biggest beneficiary in case Tata Sons got listed.
“We believe that 80 per cent of Tata Sons’ holdings might not be monetisable but the process of restructuring could trigger a re-rating,” it added.
Four (Tata Motors, Tata Chemicals, Tata Power and Indian Hotels) companies within the Tata Group hold ownership in Tata Sons, as per a recent report by investment banking firm, Spark PWM.
–IANS
san/svn
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
