Tata Group shares in focus, rally up to 20%

Shares of Tata Group companies were in focus, trading higher by up 20% on BSE in otherwise range-bound market. Nelco, Tata Investment Corporation and Tinplate Company were up between 5% and 20%, while Tayo Rolls, TRF, Tata Power Company, Titan Company, Tata Sponge Iron, Tata Motors and Trent were up in the range of 2% to 4% on BSE. On comparison, the S&P BSE Sensex was up 0.15% at 31,357 at 11:00 am. Tata Consultancy Services (TCS), Voltas and Rallis India however, were down less than 1%. Tata Investment Corporation (up 10% at Rs 789) and Tata Steel (up 1% at Rs 525) hit their respective 52-week high on Tuesday in intra-day trade. Nelco is locked in upper circuit of 20% to Rs 96.30 on back of heavy volumes. A combined 3.08 million shares changed hands and there were pending buy orders for 630,081 shares on BSE and NSE so far. Nelco, a Tata Enterprise firm, is focused on helping its enterprise & government customers unlock potential by offering solutions in the areas of Integrated Security & Surveillance, VSAT connectivity (Tatanet VSAT), Managed Services, Satcom Projects and Meteorological Solutions.US defence giant Lockheed Martin and India’s Tata group signed an agreement on Monday to jointly build the F-16 Block 70 fighter in India, should New Delhi opt for the American aircraft in the procurement of single-engine fighters for its air force. Astrology and Numerology Trading Tips