Continuing its upward movement, Tata Chemicals stock rallied 7 per cent to hit a new high of Rs 527 on the National Stock Exchange (NSE) on Monday. With today's rally, the stock has surged 16 per cent in the past two days after the promoter company, Tata Sons, bought an additional 2.57 million shares of the company for Rs 121 crore via open market.
On Friday, December 4, 2020, Tata Sons purchased 2.57 million equity shares, representing 1 per cent equity of Tata Chemicals, at a price of Rs 471.88 per share on the NSE via bulk deal, the exchange data shows.