Read on the application
Tata Group Shares: Shares of the three Tata Group companies touched a 52-week high on Thursday, the fourth trading day of the week. These three stocks are Indian Hotels Company, Tata Power and Tata Communications. Indian Hotels Company and Tata Communications are two of the three Tata Group stocks that are included in veteran investor Rekha Jhunjhunwala’s portfolio stocks. Rekha Jhunjhunwala holds 3,00,16,965 shares or 2.11 per cent in the company, while Rekha Jhunjhunwala holds 52,34,687 shares or 1.84 per cent in Tata Communications.
1. Indian Hotels Company
Shares of the Rekha Jhunjhunwala-backed company have seen a rally since the last week of January. After touching a low of ₹286.45 on January 27, 2023, shares of Indian Hotels now touched an intraday high of ₹436.45 per share. The stock is also at an all-time high. Shares of Rekha Jhunjhunwala-backed Tata Group have returned up to 35 per cent to shareholders on a YTD basis.
₹5 share company to raise ₹97 crore fund, shares rocketed, many looted
2. Tata Communications
Shares of Tata Communications hit an all-time high of ₹1,908 per share. Shares of Tata Communication are in uptrend since October 2022. Shares of Rekha Jhunjhunwala have risen from around ₹1115 to ₹1908 in these ten months, giving a return of over 70 per cent to its existing shareholders.
3. Tata Power
Shares of Tata Power touched an intraday high of ₹263.25 per share on Thursday. After the start of FY 2023-24, this Tata group stock has risen from around ₹185 to ₹263 per share. This stock has returned 25% on YTD basis.