Tata Steel, Tata Motors: No stopping the rally in Tata Group stocks for now

Till the Tata Steel stock defends the closing basis support of Rs 1,050-mark, the upside bias may see a rally toward uncharted territory of Rs 1,200 to Rs 1,270 levels

Tata Group stocks have ruled at the bourses over the past one month, outperforming the benchmark Nifty50 index by a wide margin. Tata Steel BSL, for instance, has climbed 57 per cent over the past 30 days while Tata Metaliks, Tata Steel Long Products, Tata Elxsi, Tata Steel, Tinplate Company, Tata Coffee, and Rallis India have gained between 12 per cent and 37 per cent. In comparison, the frontline 50-share index is up 0.3 per cent during the period, ACE Equity data show.

That said, some of its Group gems such as Tata Chemicals, Titan Company, Tata Consultancy Services, and