Tata Sons IPO: How 7 Tata Group stocks performed this week amid IPO buzz

Tata Group stocks saw wild swings this week as multiple developments linked to the much-awaited Tata Sons IPO kept investors on the edge. The stocks sharply surged up to 20% on Tuesday after RBI rejected Tata Sons’ application for voluntary surrender of its Certificate of Registration (CoR) to be classified as an unregistered Core Investment Company (CIC), paving the way for a public listing of the holding company of India’s largest business conglomerate.

The Tata Group stocks saw another sharp surge on Thursday after Tata Sons approved a fresh five-year extension for Chairman N Chandrasekaran’s tenure and set the ball rolling for the much-awaited IPO of the group holding company. The shares of the Tata Group companies dropped on Friday after Tata Trusts labelled Chandrasekaran's appointment illegal.

Here is how seven listed Tata Group companies performed during the holiday-shortened week and how much exposure they have to Tata Sons.

Tata Chemicals

Tata Chemicals saw the sharpest upswings and downswings last week. The shares of the company sharply rallied 20% to hit the upper circuit on Tuesday. After marginally falling on Wednesday, the stock jumped another 6.5% on Thursday, before falling 11% on Friday. Overall, the stock gained 13% during last week. Tata Chemicals holds 2.5% stake worth Rs 30,052 crore in Tata Sons.

Also read | Tata Sons IPO: Why Tata Chemicals may be the biggest beneficiary although Tata Motors, Tata Steel own bigger stake

Tata Motors PV

Tata Motors Passenger Vehicles shares sharply gained more than 4% on Thursday, but dropped more than 3% on Friday. The stock overall gained only 1% during the week. Tata Motors PV holds a 3.06% stake in Tata Sons, valued at approximately Rs 36,348 crore.

Tata Steel

Tata Steel witnessed notable price movements during the week, rising alongside other group stocks on Tuesday and Thursday before trimming gains on Friday. Overall, the stock posted modest gains of around 1.4% over the holiday-shortened trading week. Tata Steel holds a 3.06% stake in Tata Sons, valued at approximately Rs 36,348 crore.

Tata Power

Tata Power registered sharp price swings throughout the week, tracking the group-wide momentum sparked by Tata Sons' listing updates. Despite Friday’s broader retracement, the stock closed the week on a positive note. The shares of the company closed nearly 2% higher at Rs 375 apiece on Friday. The stock overall gained around 3% in a week. Tata Power owns a 1.65% stake in Tata Sons, worth Rs 19,599 crore.

IHCL

The Indian Hotels Company (IHCL) managed to retain most of its mid-week gains despite Friday’s pull-back. The shares of the company overall gained around 2% in a week. IHCL holds a 1.11% stake in Tata Sons, valued at Rs 13,185 crore.

Also read | What Shapoorji Pallonji said on Tata Sons' listing and why he wants it to be a ‘bridge’

Tata Consumer Products

Tata Consumer Products participated in the mid-week rally following regulatory developments, before cooling off during Friday's trading session. The stock finished the week relatively flat with 0.5% gains. Tata Consumer Products holds a 0.43% stake in Tata Sons, worth Rs 5,107.7 crore.

Tata Investment Corp

Tata Investment Corporation saw significant buying interest, rallying strongly on the news of Tata Sons' listing progress before falling on Friday. Overall, the shares of the company gained 8% during the week. Tata Investment Corp holds a 0.08% stake in Tata Sons, valued at Rs 950.3 crore.

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