TRF, Automotive Stampings, Orient Hotels and NELCO can surged up to 24% from present levels, suggest technical charts. The trend, however, looks weak for Tejas Networks.
Ratan Tata News: Tata Chemicals, Indian Hotels Company, Tejas Networks, Voltas, Tata Elxsi and Tata Consultancy Services (TCS) were up in the range of 1 per cent to 4 per cent
Thus far in CY24, Voltas (up 81%), Tata Investment Corporation (53%), Tejas Networks (31%), Tata Power (35%), Nelco (20%),Tata Steel (18%) and Tata Communications (13%) have outperformed the Sensex.
Nelco hit a multi-year high of Rs 1,271.95, rallied 13 per cent on the BSE in Tuesday's intra-day trade, and zoomed 46 per cent in eight trading days