Tata Stocks rebound after Chandra exit shock

New Delhi: Majority of the Tata Group stocks bounced back on Thursday after falling in the previous trade following the announcement by N Chandrasekaran that he will step down as chairman of Tata Sons when his current term ends on February 20, 2027.

Shares of Tata Technologies jumped 3.26 per cent, Tata Consumer Products climbed 2.74 per cent, Tata Motors Passenger Vehicles advanced 1.68 per cent, Tata Elxsi was up 1.36 per cent, and Tata Communications edged higher by 1.28 per cent.

Trent moved up 1.08 per cent, TCS rallied 0.99 per cent, Tata Power (0.53 per cent), Indian Hotels Company (0.42 per cent) and Voltas (0.25 per cent) on the BSE. However, Titan declined 1.08 per cent, Tata Steel fell 0.30 per cent and Tata Chemicals was down 0.13 per cent.

Tata Group stocks fell on Wednesday, with TCS down nearly 4 per cent, after the announcement that N Chandrasekaran will step down as chairman of Tata Sons when his current term ends in February 2027, wrapping up a nine-year tenure that transformed the scale and breadth of one of India’s most influential conglomerates but ended with a standoff with Tata Trusts Chairman Noel Tata over his reappointment.