Fantastic Return Of Tata Group Company! Investors' Wealth Increased Threefold

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Fantastic Return Of Tata Group Company! Investors' Wealth Increased Threefold
06 Sep 2022
min read

News Synopsis

There are many companies of the country's leading industrial house Tata Group which are listed in the stock market and are making their investors rich. One such company of Tata Group is Indian Hotels. The stock of this company has tripled the wealth of investors in a span of just two years. On the first trading day of the week i.e. Monday, there was a tremendous rise in the stock of Indian Hotels and it reached a 52-week high.

During trading, the stock price reached a new high of Rs 311.45. Whereas, the stock price was at Rs 310.05 at the end of trading, showing an increase of 4.57 percent over the day before. The company's market cap is approximately 44,039.49 crores.

Two-Year Performance: Year-on-year, shares of Indian Hotels have gained over Rs 127, or nearly 69 percent. The shares have gained 118.73 percent in one year. On September 3 last year, the share price was around Rs 142.46. At the same time, the shares have gained 215 percent or more than 3.15 times in two years. At the same time, it is worth noting that on September 4, 2020, it was around Rs 98.7. At the same time, the stock of Indian Hotels was also included in the portfolio of late Rakesh Jhunjhunwala, who was known as Big Bull in the stock market. As on June 30, 2022, Rakesh held 1,57,29,200 equity shares or 1.11% in this company, while his wife Rekha held 1,42,87,765 equity shares or 1.01 percent.

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