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5 Underrated Tata Group Stocks That Delivered Strong Returns in 2024 – Learn More Here!

Tata Group stocks, like TCS and Tata Motors, have generated significant wealth for investors. Long-term investment and patience, inspired by Ratan Tata’s leadership, are key to wealth creation.
5 Underrated Tata Group Stocks That Delivered Strong Returns in 2024 – Learn More Here!

Tata Group stocks have been a major source of wealth for investors over time, with companies like Tata Consultancy Services (TCS), Tata Motors, and Tata Steel being widely recognized in India. According to Dr V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, investors should take inspiration from Ratan Tata’s leadership. He highlighted that building long-term wealth in the stock market requires patience and a long-term investment horizon.

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In the current bull market, some valuation concerns may arise, but companies established under Ratan Tata have a strong potential to generate long-term wealth. While Tata Group stocks showed mixed trading results today, 13 of the 22 listed Tata companies have outperformed the Nifty 50 index in 2024, delivering more than 20% gains. The Nifty 50 index itself has risen by 15.5% so far this year.

TCS, a key Tata Group company, has gained over 12% this year and is set to announce its Q2 results. Trent has been the top performer, surging by 169%, with other companies like Voltas and Indian Hotels also seeing strong growth.

Also Read: Tata Group Stocks Draw Attention After Former Chairman Ratan Tata’s Demise at 86 – Details Here!

Additionally, five lesser-known Tata Group stocks—TRF, Automotive Stampings, Oriental Hotels, Tejas Networks, and NELCO—have also shown impressive growth, outperforming the Nifty 50.

5 Tata Group Stocks

TRF

Current price: ₹529

TRF has shown an impressive 10% rise recently, breaking above key resistance levels. It has potential to reach ₹630, with support at ₹510 and resistance at ₹603.

Automotive Stampings and Assemblies (ASAL)

Current price: ₹735

ASAL stock is down 36% from its peak but has gained 75% this year. Support is at ₹722, and it could rise to ₹885, with resistance at ₹770 and ₹805.

Oriental Hotels

Current price: ₹177

After a recent breakout, Oriental Hotels is climbing steadily. Support is at ₹172, and it could reach ₹200, with resistance at ₹186 and ₹191.

Tejas Networks

Current price: ₹1,199

Tejas Networks is struggling below short-term averages. Its key support is at ₹1,059, and it needs to break past ₹1,295 to regain momentum.

NELCO

Current price: ₹1,020

NELCO has shown positive momentum recently. It could rally to ₹1,265, with support at ₹926 and resistance at ₹1,070 and ₹1,120.

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