Mumbai, Feb. 28: Tata Group stocks saw brisk buying interest on Tuesday, led by Tata Consultancy Services (TCS) and Titan Company. Robust quarterly results and positive commentary buoyed sentiment.
TCS emerged as the top Sensex gainer, surging nearly 3% after UBS upgraded it to ‘Buy’ on expectations of sector-leading sales growth. Tata Motors rose 2.8% as it eyes steady performance at JLR, backed by strong order book and margin guidance.
Titan Company and Tata Steel also traded higher. The top 5 Tata stocks added about Rs 59,000 crore in market capitalization.
Analysts noted TCS and Titan delivered strong double-digit growth in the December quarter, when most retailers grew around 11%. Titan’s jewelry business expanded 23% despite headwinds, showcasing resilience.
Sharekhan noted that Trent reported over 50% revenue growth in Q3 with sharp margin expansion. Tata Consumer Products also edged higher on Nifty.
TCS expects to sustain the sector-leading growth momentum, while Tata Motors is on track to achieve guided margins. The upbeat outlook buoyed sentiment, triggering across-the-board buying in Tata stocks.
Experts opine that the latest quarter reflects that the consumer discretionary sector is on the path to recovery. Market leaders like Titan and Trent are leading the rebound with agile strategies.
With Tata Group revamping businesses and leveraging synergies, analysts foresee robust long-term growth prospects across sectors. The rally in Tata stocks underscores investor confidence in the group’s future outlook.
