These 3 Tata Stocks Hit 52-Week High Today: What's Going On?
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Shares of Titan, Tata Consumer and Tata Communications all hit 52-week highs on Wednesday.

What Happened: The Tata Group companies surged up between 1% to 5% on Wednesday. Tata Consumer share price went up over 5% to hit a new 52-week high of ₹864. While it is not immediately clear what’s driving the surge today, several fast-moving consumer goods (FMCG) stocks have been upbeat this week as demand outlook in the sector remained positive.

See Also: This Small Cap Stock Added ₹8 crore To Ashish Kacholia’s Net Worth Today

Tata Communication’s share price also jumped up close to 5% on Wednesday to hit a new 52-week high of ₹1,674. Shares of the company have been upbeat after the company shared a positive revenue growth outlook late last week.

The Tata Group company said that it expects its data revenue to grow by 2x to ₹28,000 crore by FY27 at a revenue compound annual growth rate of 18%. Since then, shares of the company has gone up over 12%.

Titan’s share price went up around 0.5% in early trade on Wednesday to hit a new 52-week high of ₹2,928.20. However, it could not sustain the early gains and was down around 0.5% in afternoon trade.

Price Action: Tata Consumer share price was up 5.14% to trade at ₹862.05. Titan’s share price was down 0.39% to trade at ₹2,901.20. Tata Communications’ share price was up 3.29% to trade at ₹1,651.

Read Next: What Is Taj Hotel Share Price And How To Buy

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EquitiesMarketsMoversTrading IdeasTata CommunicationsTata Consumer Products LtdTata GroupTitan