Tata Group companies are buzzing on the bourses. At least 10 out of 17 companies of the Group have outperformed Sensex, taking into consideration the market movement since July 1, 2020.
Sensex is up by an impressive 7 per cent since July and Tata Group companies such as TCS, Titan, Tata Steel, Tata Consumer, Tata Motors, Tata Communications, Voltas, Tata Elxsi, Tata Coffee and Tata Steel Long Products Ltd are outperforming Sensex by anywhere between 1 per cent to 25 per cent.
Tata Communications have grabbed investors’ attention by almost doubling on a YTD basis. Tata Consumer products made a fresh 52-week high in today’s trading session.
Tata Consumer Products managed to close at Rs 483 per share, thus closing at record highs. Tata Coffee is up by nearly 90 per cent since March 23 lows while Sensex was up by 46 per cent during the same period.
The solid performance of Tata Group stocks is a good sign for investors as these stocks are widely-owned in the investor’s portfolio.
Tata Communications, Tata Consumer Products, and Tata Elxsi are amongst the top three best performing Tata stocks while Tata Chemicals, Indian Hotels, and Tata Motors are some of the worst-performing stocks, belonging to Tata Group on YTD basis.