Tata stocks ride Chandra-yaan

Some key Tata Group stocks have outperformed Sensex and Nifty in the one year since the ouster of Cyrus Mistry as the Tata Sons chief, underlining investor support for steps taken by the N Chandrasekaran-led team.
Rising commodity prices, share buybacks and successful restructuring in Tata Teleservices and Tata Steel have given investors confidence that the group may be able to put aside past troubles.
Tata Steel, Titan, Tata Chemicals, Tata Global Beverages, Tinplate Co, Tata Metaliks, Tata Sponge Iron, Voltas and Tata Elxsi have gained 27.5%-204.2% since October 24, 2016.
Crown jewel TCS, which Chandrasekaran left to become the chairman of Tata Sons, has however logged just a 6.5% increase. Tata Motors and Tata Power have both fallen.

Performance of the passenger cars segment and growing competition in the trucks business have weighed on Tata Motors while Tata Power has been hit by problems at Mundra and the general downtrend in the sector.
“Tata companies are in a sweet spot. Tata Steel has been outperforming as the steel cycle is doing well. Partly the onus can be put on Chandrasekaran as he has shifted focus towards core assets,” said Sanjiv Bhasin, executive V-P at IIFL