Shares of Tata Group companies are in demand and trading higher by up to 20% on the bourses in late noon deals on back of heavy volumes.
Tata Elxsi is locked in upper circuit of 20% at Rs 1,390, also its record high on BSE. The trading volumes on the counter more than doubled with a combined 3.35 million shares changing hands till 1435 hours. There are pending buy orders for 96,000 shares on BSE and NSE combined.
Tata Sponge Iron has soared 18% to Rs 903, followed by Tata Metaliks (16% at Rs 145), Tata Investment Corporation (15% at Rs 647), Tinplate Company of India and TRF (up 9% each at Rs 65 and Rs 399 respectively), and Tata Teleservices (Maharashtra) surged 9% at Rs 9.34.
Rallis India (8% at Rs 270), Tata Coffee (7% at Rs 101), Tata Global Beverages (4% at Rs 164), Tata Consultancy Services (3% at Rs 2,754), Tata Chemicals (3% at Rs 478) and Tata Power Company (2% at Rs 87.50) are other Tata Group stocks gained between 3-8%.
Meanwhile, shares of Tata Steel were trading flat at Rs 353, while Tata Motors down 1.5% at Rs 573 on BSE at 1448 hours.
Tata Elxsi is locked in upper circuit of 20% at Rs 1,390, also its record high on BSE. The trading volumes on the counter more than doubled with a combined 3.35 million shares changing hands till 1435 hours. There are pending buy orders for 96,000 shares on BSE and NSE combined.
Tata Sponge Iron has soared 18% to Rs 903, followed by Tata Metaliks (16% at Rs 145), Tata Investment Corporation (15% at Rs 647), Tinplate Company of India and TRF (up 9% each at Rs 65 and Rs 399 respectively), and Tata Teleservices (Maharashtra) surged 9% at Rs 9.34.
Rallis India (8% at Rs 270), Tata Coffee (7% at Rs 101), Tata Global Beverages (4% at Rs 164), Tata Consultancy Services (3% at Rs 2,754), Tata Chemicals (3% at Rs 478) and Tata Power Company (2% at Rs 87.50) are other Tata Group stocks gained between 3-8%.
Meanwhile, shares of Tata Steel were trading flat at Rs 353, while Tata Motors down 1.5% at Rs 573 on BSE at 1448 hours.