Tata Group stocks, including Tata Consultancy Services (TCS), Tata Motors, Tata Steel and Titan Company, among others, rallied up to 20% on Tuesday, September 15, after the Reserve Bank of India (RBI) rejected Tata Sons’ request to voluntarily surrender its Certificate of Registration (CoR).
IT major TCS rallied over 5%, while Tata Motors CV gained 6% to Rs 320 on the NSE. Tata Chemicals was locked in a 20% upper circuit, while Tata Investment Corp gained up to 10%.