Tata Investment Corp has surged by 116% in 2024, leading the gains among companies listed on the Nifty 500 Index, which accounts for over 94% of India’s market capitalization. This surge has contributed significantly to a $58 billion increase in the value of Tata Group companies since the beginning of the year, with about 20% of this rise occurring just last week, propelled by anticipation surrounding the potential initial public offering of Tata Sons next year.
Source: Times of India/TOI