The trading week ending on April 10 brought a wonderful gift for the stock market investors, especially for those who had reposed faith in Tata Group companies. Amidst the general ups and downs on Dalal Street, Tata Group shares have proved their strong foundation and given strong returns to the investors. In this short span of one week, a strong rise of up to 15 percent has been recorded in the shares of many big companies of the group.
Shares pass the test of trust
The name of Tata Group itself creates a different kind of confidence in the market. This week, from Trent and Titan to Tata Motors, this belief has been converted into profit. However, despite this excellent recovery and continuous buying, one thing to note is that some of these stocks have still not touched their 52-week high (52-week high) and are trading below that. Despite this, this buying from lower levels is enough to bring a smile on the faces of investors.
Auto and telecom sector regained momentum
Both the major segments of Tata Motors, passenger vehicles and commercial vehicles, have shown strong momentum in the market this week. Shares of ‘Tata Motors PV’, associated with the passenger vehicle business, witnessed a spectacular rise of 13 per cent this week. This share remained in the green in four out of the last five trading sessions and its current price on BSE has reached Rs 342.55. At the same time, the commercial vehicle segment (Tata Motors) also did not disappoint the investors. This share has also strengthened by 14 percent in a week and reached the level of Rs 444.45.
On the other hand, in the telecom sector, Tata Teleservices (Maharashtra) i.e. TTML gave a pleasant surprise to the investors. The stock, which had jumped by 20 per cent during the week, finally closed at Rs 41.92 with a solid weekly gain of 15 per cent.
Trent, Titan and Investment also made big money
This entire week was like Diwali for the investors of Tata Investment Corporation. This stock registered gains for five consecutive days and touched the level of Rs 665.50 with a jump of 14 percent in the entire week. Apart from this, the performance of retail segment giant Trent was also excellent. It increased by 3 percent on Friday alone, taking the total profit for the week to 10 percent. Its current price on BSE is Rs 3918.70.
If we talk about Titan Company, one of the most favorite shares of Tata Group, its shine also remained intact this week. This jewelery and lifestyle giant’s stock recorded a weekly rise of 10 percent. After being profitable three days out of five, Titan shares are now trading at an attractive price of Rs 4502.15.
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