These two beaten-down Tata Group stocks freeze at 5% upper circuit

Nelco was locked in the upper circuit at Rs 637.10 and Tejas Networks was frozen at Rs 384.90 on the BSE.

Shares of two Tata Group companies--Nelco and Tejas Network-- were locked in the 5 per cent upper circuit on Wednesday after correcting up to 37 per cent from their respective 52-week highs on the BSE. There were only buyers seen on both these counters on the BSE and NSE. In comparison, at 12:00 pm, the S&P BSE Sensex was 1.27 per cent higher at 54,099 points. 

Nelco was frozen in the upper circuit at Rs 637.10, while Tejas Networks was locked up 5 at Rs 384.90 on the BSE. Nelco had hit a 52-week high of Rs 968.55 on