Tata Chemicals gains 8% in 2 days as Tata Sons buys additional stake

On Wednesday, Tata Sons purchased 2.21 million equity shares of Tata Chemicals at Rs 287.58 per share on the NSE

Shares of Tata Chemicals rose 3 per cent to Rs 301 on the National Stock Exchange (NSE) on Thursday, surging 8 per cent in two days in an otherwise weak market after the promoter, Tata Sons, bought over 2 million shares via open market. In comparison, the Nifty50 index has slipped nearly 3 per cent in the same period.

On Wednesday, September 23, Tata Sons purchased 2.21 million equity shares of Tata Chemicals for Rs 63.56 crore. The promoter bought these shares at price of Rs 287.58 on the NSE though block deals, exchange data shows. The names of