High beta Nelco becomes the best performing Tata Group stock in one month

Sensex gained a handsome 7.68 per cent in the past one month while Nelco, a Tata Group company, managed to strengthen by 23.87 per cent in a similar period.

Markets are at all-time highs while Tata Group stocks are also participating in the current market rally, like never before. In the past one month, several Tata Group companies outperformed Sensex.  

Sensex gained a handsome 7.68 per cent in the past one month while Nelco, a Tata Group company, managed to strengthen by 23.87 per cent in a similar period. Tata Power was close in terms of percentage gains to Nelco by recording gains of 23.85 per cent in the month gone by. 

Other Tata Group stocks that managed to outperform Sensex in the past one month are Indian Hotels Company (20 per cent), Titan (18.89 per cent), Tata Communications (18.84 per cent), Tata Coffee (17.51 per cent), Trent (12.88 per cent), Tata Motors (12.29 per cent), Tata Metaliks (12.17 per cent), Tata Consumer Products (10.89 per cent), Tata Elxsi (9.86 per cent), and Tata Investment Corporation (9.38 per cent). 

TCS performed in line with Sensex by gaining 7.46 per cent in one month while Tata Steel, Voltas, Tata Steel Long Products, and Tata Chemicals underperformed Sensex in the previous month.  

Nelco is engaged in the business of network systems as well as automation & control. The company has a good return on equity (ROE) track record: Three years ROE - 25.39 per cent and has reduced debt while maintaining a healthy dividend payout of 25.82 per cent.