Tata Group companies did a star turn on the bourses today with three group companies --Tata Motors, Tata Power and Tata Steel -- figuring among the biggest gainers on the Nifty today.
But the real star of the Tata Group was Tata Coffee that gained a little more than 10 per cent on the NSE today and even the company's clarification on rumours of a tie up with US-based Starbucks did not dampen the trading enthusiasm in the counter.
Tata Motors' shares, which opened strong at Rs 159, steadily gained to close at Rs 169.45, a gain of 6.47 per cent which was the highest among the Nifty stocks today. There was phenomenal trading volume in the counter with 2.02 crore shares being traded and the traded value was Rs 337.92 crore.
Tata Power gained 5.29 per cent to close at Rs 103.50 and Tata Steel closed at Rs 435, a gain of 3.65 per cent.
(But it was Tata Coffee, which was outside the Nifty, which stole the limelight among the Tata group shares, closing on the NSE at Rs 889.50, a gain of Rs 85.76 or 10.66 per cent. There was a surge in the number of shares traded in the counter with about 29.59 lakh shares being traded.
The company, in response to media reports about a likely joint venture between the company and Starbucks, referred to earlier disclosures and said: "At this stage, we have nothing further to report. Appropriate disclosure shall be made as and when there is any further specific price sensitive information on this matter." This, however, did not dampen investor/trader appetite in the counter).
The other major gainers included Sesa Goa (5.51 per cent). DLF, IDFC, Bajaj Auto and Wipro ended with gains of up to 5 per cent.
The biggest Nifty loser was Maruti that shed 3.79 per cent to close at Rs 1,071. Jindal Steel and Power, Sun Pharma, Cipla, Siemens, Grasim, Ambuja Cement and L&T were the other major losers.