Notably, Tata Investment Corporation saw hitting back-to-back upper circuit, emerging as a standout performer with multibagger status year-to-date. The rally was ignited by reports suggesting Tata Sons, the conglomerate's holding entity, is mulling a monumental initial public offering (IPO) to raise approximately Rs 55,000 crore

Two significant bulk deals were reported on that day, one from Arun Kumar Mukherjee, Arun Mukherjee acquired 1,44,750 shares at an average price of Rs 106.10.

From a technical standpoint, the stock appears to be on the cusp of a significant multi-year breakout, poised around the pivotal level of Rs 374. Sustaining above this critical threshold is anticipated to catalyze a noteworthy breakthrough, marking the culmination of a 73-month long consolidation phase.

The stock has recorded a resolute breakout from a 24-week-long consolidation, with a depth of nearly 28 per cent. The breakout is supported by strong volumes. The company boasts marquee clients such as Tata Steel, Jindal Steel & Power, Mukand, SAIL, Usha Martin. 

The stock experienced a remarkable surge of over 15 per cent in the initial trading hour. The structure closely resembles one. Significantly, the breakout is supported by robust volume, indicating broader market participation in the direction of the trend.

It is one of the leading players in custom-manufactured chemicals and one of the oldest manufacturers of Chloromethanes in India. The stock is trading higher by nearly 6 per cent. 

With this strong move, the stock witnessed a breakout of a 14-month-long rectangle pattern on the weekly chart. The rectangle pattern, characterized by two horizontal trend lines drawn across a series of price peaks and valleys, forms a rectangle shape on a stock chart.

This upward trajectory was underpinned by substantial trading volume, with over 13 lakh shares changing hands on the NSE within the initial half-hour.