RIP Ratan Tata| Sudeep Shah Highlights Tata Chemicals, Indian Hotels As Best Bets

With the world grieving the loss of Ratan Tata, Chairman Emeritus of Tata Sons, he leaves behind a lasting legacy of business excellence and wealth creation in India. Tata Group stocks saw varied movements, with Tata Chemicals closing up 4%, and Indian Hotels rising by 2%. Meanwhile, TCS closed in the red. Tata Investment surged 5%, and Tata Tech closed nearly 2% higher. Sudeep Shah, Deputy VP and Head of Technical and Derivatives Research at SBI Securities, highlighted two top picks from the Tata Group—Tata Chemicals and Indian Hotels. According to Shah, the chart formations in Tata Chemicals suggest strong performance in the coming weeks. He also noted the uptrend in Indian Hotels, emphasizing that the next three to four months are peak season for the hotel industry, which should perform well given the significant rise in occupancy rates and average rates compared to the last three years. Based on personal experience, Shah affirmed that this industry is currently thriving.