Tata Chemicals surges on Tata Sons listing buzz

Tata Chemicals shares closed 2.5% higher at Rs 746.20 amid buzz around a potential listing of Tata Sons, the group's holding company. The company holds a 2.5-3% stake in Tata Sons, which analysts valued at around Rs 10-15 lakh crore in the unlisted market, suggesting incremental value unlocking of Rs 12,000-13,000 crore for Tata Chemicals. The stake is currently reflected at book value and would be marked to fair value if a listing materialises.