Sudip Bandyopadhyay, Group Chairman, Inditrade Capital, says «there is a strong speculation that Tata Sons will get listed in the near future and the best way to play that will be probably through Tata Chemicals; that is the conventional thinking in the market and that led to this kind of massive rise in the share price of Tata Chemicals.»
One cannot take eyes off the Tata Group names! With all the talk around Tata Sons, look at the move on Tata Power, Tata Chemicals, Tata Steel. All group companies are holding up.
Sudip Bandyopadhyay: Absolutely. I think the buzz around listing of Tata Sons is gaining momentum considering the timelines suggested by RBI when they came out with the new set of regulations. There is a strong speculation that Tata Sons will get listed in the near future and the best way to play that will be probably through Tata Chemicals; that is the conventional thinking in the market and that led to this kind of massive rise in the share price of Tata Chemicals.
Other companies are also benefiting from that halo effect. I am not saying they are not doing well. Whether it is Indian Hotels or Tata Power, Tata Motors, all of them have their individual reasons for getting a good valuation and doing well. But this is the halo effect of Tata Sons IPO and