Tata group stocks surge 3% as Noel Tata takes charge at Tata Trusts

Shares of several Tata Group companies, including Trent Ltd, Tata Chemicals, and Tata Investment Corporation, surged on Friday following the appointment of Noel Tata as the new chairman of Tata Trusts. The appointment came after the death of Ratan Tata, former chairman of Tata Sons, on October 9 at the age of 86. Noel Tata, Ratan Tata’s half-brother, was chosen to lead the trusts during a board meeting held in Mumbai.
Tata Trusts holds a controlling 66% stake in Tata Sons, the holding company of the Tata Group, and its leadership plays a key role in overseeing the group’s diverse business interests. Noel Tata’s appointment has brought a sense of stability to the group, which is reflected in the positive movement in its stock prices.
Trent Ltd, a company closely associated with Noel Tata, led the surge. Trent Ltd’s stock jumped by over 3% during the trading session, reaching an intraday high of Rs 8,308.8 per share on the National Stock Exchange (NSE). This represents a 3.48% increase from its previous close.
Trent Ltd, a major player in the retail industry, has seen remarkable growth under Noel Tata’s leadership. Since he became chairman in 2014, the company’s shares have risen by nearly 6,000%, making it one of the most successful businesses within the Tata Group. The retail chain has continued to expand its store network and workforce, further contributing to its impressive stock performance.
In addition to Trent, other Tata Group stocks also performed well following the leadership change. Tata Steel, a major steel producer and one of India’s largest companies, saw its shares touch an intraday high of Rs 163.78 on the NSE, marking a 2.54% increase. The stock has been on a positive trend for the past two days, gaining 1.26% overall. At the time of publication, Tata Steel shares were trading at Rs 160.60, up 0.55%.
Voltas, another key company in the Tata Group, also saw gains. The stock was trading at Rs 1,786.50 per share on the NSE, a 0.55% rise during Friday’s session.
Tata Investment Corporation and Tata Chemicals also saw their shares rise after Noel Tata’s appointment. Tata Investment Corporation’s stock advanced by 2.12%, reaching Rs 1,175.60 per share on the NSE. The stock has been gaining for the past four days and has risen by 10.53% over that period.
Tata Chemicals, another significant company within the group, hit an intraday high of Rs 1,185 per share, marking a nearly 3% increase during the day’s trading session. The company’s stock has also been on an upward trend for the past four days, rising 9.21% in that time.
Noel Tata’s long association with the Tata Group and his proven track record in business have reassured investors, contributing to the surge in the group’s stock prices. As chairman of Trent Ltd, Noel Tata has overseen the company’s growth into one of India’s leading retail businesses. The company’s shares have consistently performed well, and investors are optimistic that his leadership at Tata Trusts will bring similar success to other Tata Group companies.
Noel Tata is also on the boards of several key Tata companies, including Tata Steel and Voltas, further strengthening his influence within the group. His appointment as chairman of Tata Trusts comes at a crucial time, following the passing of Ratan Tata, a towering figure in Indian business.