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Tata Group Stocks Hold Steady as India Mourns Ratan Tata’s Passing at 86!

Shares of Tata Technology Services, Tata Motors, and Tata Chemicals are in focus following the passing of Ratan Tata, former Chairman of Tata Sons, who died at 86.
Tata Group Stocks Hold Steady as India Mourns Ratan Tata's Passing at 86!

Shares of Tata Technology Services, Tata Motors, Tata Chemicals, and other group stocks remained stable following the death of Ratan Tata on Wednesday. The former Chairman of Tata Sons passed away at the age of 86, leaving a lasting legacy in Indian industry.

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Ratan Tata led the Tata Group for approximately 21 consecutive years, from 1991 to 2012. His leadership was instrumental in expanding one of India’s largest conglomerates, shaping its direction and significantly influencing contemporary Indian industry while making a substantial societal impact.

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Throughout his tenure, Tata also supported numerous startups that later became prominent players, including Urban Company, CashKaro, BlueStone, CarDekho, and Tracxn. His foresight in nurturing these ventures exemplified his commitment to innovation and growth within the Indian business landscape.

As traders look ahead, they anticipate earnings reports from Tata companies TCS and Tata Elxsi Ltd. on Thursday, marking the start of India Inc.’s second-quarter earnings season. The Tata-owned IT giant has cautioned clients about a soft second quarter, primarily driven by business from India.

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On Thursday, Tata Investment Corp. shares surged over 12%, while TRF Ltd. rose by 10%. Shares of Tata Chemicals, Tata Elxsi, and Tata Technologies also increased by more than 3%. In contrast, Trent Ltd. and Tinplate Company of India Ltd. experienced slight declines during the trading session.

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