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Stocks in news: Tata Steel, Kaynes Tech, GAIL, Somany Ceramics, TVS Motor
Indian markets continued their downward trend on Thursday. Several companies saw significant news. BofA Securities invested in Kaynes Technologies. GAIL assured uninterrupted gas supply to Bengaluru. South Indian Bank launched EPF payment services. DCM Shriram approved renewable energy investment. TVS Motor launched a new electric scooter. Tata Steel moved court over a GST demand.
Tata Investment Corp. shares rises 18% in 5 days on N Chandrasekaran’s likely third term at Tata Sons
Tata Investment Corporation shares have surged over 18% in five days, driven by speculation that N Chandrasekaran will secure a third term as Tata Sons Chairman. This development is significant as Tata Sons holds a majority stake in the company. The stock's rally is supported by strong technical indicators and growing retail investor interest.