Tata Chemicals witnessed a staggering surge of around 14% on March 7, reaching a 52-week high of Rs 1,349 on NSE. The surge was fueled by speculation surrounding the impending listing of parent company Tata Sons, potentially leading to substantial value unlocking for Tata Chemicals. The stock closed at Rs 1,315, marking a 12% increase and extending gains for the sixth consecutive session. Over the past month, Tata Chemicals has rallied by 40%, and over the past year, it has soared by approximately 30%.
Tata Chemicals holds a significant 3% equity stake in Tata Sons, the holding company for various Tata Group entities. A recent report by research firm Spark Capital suggested that Tata Sons could have a market capitalization of approximately Rs 8 lakh crore, excluding holdco discounts. This speculation has invigorated investor interest in Tata Chemicals, driving its stock price to new heights.
Note: The news article provided a summary of Tata Chemicals’ stock surge amid speculation about the listing of parent company Tata Sons.
