Tata Group stocks in focus today as former chairman Ratan Tata, dies at age 86
* The passing of former chairman Ratan Tata at age 86 has put Tata Group stocks, including Tata Motors, Tata Steel, and Tata Consultancy Services, in the spotlight.
* Tributes from industry leaders and Prime Minister Modi highlight Tata’s significant impact on the company and the Indian business landscape.
* Tata Group companies are expected to report strong earnings, with shares having risen significantly in 2024, delivering up to 19% returns to investors so far.
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Hyundai Motor India is set to launch its IPO on October 15, aiming to raise up to Rs 27,856 crore, making it the largest stock offering in India this year.
* The IPO will offer up to 14.2 crore shares at a price band of Rs 1,865-1,960, with allocations of 50% for QIBs, 35% for retail investors, and 15% for non-institutional investors.
* This marks the first public offering by an automaker in two decades, following Maruti Suzuki’s listing in 2003, amidst a backdrop of record highs in the Indian stock market.
