Tata Steel, Tata Power, Indian Hotels rebound up to 25% on heavy volumes

Shares of Tata Group companies, including Tata Steel, Tata Power Company and Indian Hotels, bounced back up to 27 per cent from their respective early morning lows on the back of the heavy volumes on Friday. All these stocks had hit their multi-year lows in the early morning trade today.

Tata Sons, the promoter company of Tata group, on Thursday bought shares worth Rs 531 crore in the four group companies in a bulk deal on the National Stock Exchange (NSE).

Tata Steel moved higher by 11 per cent to Rs 320, rebounding 25 per cent from the day’s low on the