Tuesday was a day for Tata group stocks. Share prices of virtually every company with the prefix Tata in its name were on fire with one of them even hitting the 20 per cent upper circuit limit and staying there on a buying freeze.

The only exceptions to the buying frenzy witnessed by the group’s shares were Tata Motors and Tata Motors DVR.

Even the normally anaemic Tata Teleservices (Maharashtra) shares that quote below face value were up.

It was not clear why the Tata group stocks witnessed such a singular buying momentumon Tuesday. It was true that the BSE Sensex closed with a gain of about 135 points. But this was largely driven by three stocks — TCS, Reliance Industries and Bajaj Auto. The interest was not restricted to any particular sector or stock.

Tata Chemicals ended the day with a gain of ₹13.75 at ₹478.25 on the BSE and Tata Coffee’s ₹1 share jumped ₹7.25 to ₹101.40.

Tata Metaliks gained ₹19.30 to close at ₹144.30 and Tata Sponge zoomed ₹138.80 or 18.20 per cent to ₹901.25.

Tata Steel also was able to shed its weakness with the stock gaining 70 paise to close at ₹353.50. Tata Global Beverages gained ₹4.80 to close at ₹163.15 and Tata Power closed at ₹87.15, a marginal gain of ₹1.15. The three IT companies in the Tata fold — Tata Elxsi, CMC and TCS, were on a roll. Tata Elxsi vroomed 20 per cent or ₹231.60 to ₹1,389.65. The stock hit the upper circuit. TCS spiked by ₹104.55 to ₹2,774.70. CMC Ltd, which is to be merged with TCS, jumped ₹73.85 to ₹2,086.80. (The CMC-TCS merger ratio is 79 equity shares of ₹1 each of TCS for every 100 equity shares of ₹10 each of CMC.) The two Tata group shares in the communications sector also gained. Tata Communications was up by ₹7.45 at ₹429.50 and Tata Tele (Maharashtra) edged up by 54 paise to ₹9.13 (its face value is ₹10).

Mirroring the overall investor interest in the Tata group stocks, Tata Investment Corporation vaulted by ₹64.25 to ₹628.40.

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