Tata Sons IPO: Tata Chemicals shares plunge 9% after 6-day rally; Sell, exit stock, says Kotak

Tata Sons IPO: Tata Chemicals shares plunge 9% after 6-day rally; Sell, exit stock, says Kotak

Tata Chemicals Ltd, whose shares surged 40 per cent in the previous six trading sessions, took a beating on Monday morning, falling about 9 per cent amid reports Tata Sons is evaluating options to avoid an initial public offer (IPO), which Kotak Institutional Equities said should deflate speculation around value-unlocking at Tata Chemicals. Kotak said …

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