Tata Group shares trade firm; Tata Motors up 2%

Tata Motors, Tata Motors DVR, Tata Comm, Tata Metaliks, Tata Elxsi and TTML were up between 2%-5% on BSE.

Shares of Tata Group companies were trading higher by up to 5%, recouping part of their losses recorded in past three trading sessions.

Tata Motors, Tata Motors DVR, Tata Communications, Tata Metaliks, Tata Elxsi, Tata Teleservices (Maharashtra), Tata Sponge Iron, Tata Coffee, Tata Global Beverages were up between 2%-5% on BSE. Tata Consultancy Services (TCS), however, is down nearly 1% as compared to 0.18% decline in the S&P BSE Sensex at 09:48 am.

Most of these stocks had fallen in the range of 6%-13% in past three trading days after Tata Group's holding company Tata Sons on Monday abruptly ousted Cyrus Mistry as chairman and replaced him with his 78-year-old predecessor Ratan Tata, a scion of the founding family. The benchmark index was down 0.93% during the same period.

Tata Group on Thursday said it ousted Mistry because of a growing “trust deficit” with its biggest shareholders after the former head accused directors of the conglomerate of wrongfully dismissing him in an e-mail Tuesday, a copy of which was obtained by Bloomberg. Mistry said he faced constant interference by his predecessor, Ratan Tata, to the point that he was pushed into becoming a "lame duck" chairman, according to the e-mail. CLICK HERE TO READ FULL REPORT

Company	24/10/2016	27/10/2016	% chg	LTP	% chg
Tata Metaliks	422.30	367.55	-12.96	385.00	4.75
Tata Elxsi	1333.05	1241.85	-6.84	1292.55	4.08
Tata Tele. Mah.	7.50	6.87	-8.40	7.11	3.49
Tata Motors-DVR	363.30	338.75	-6.76	348.70	2.94
Tata Comm	669.05	625.75	-6.47	642.65	2.70
Tata Motors	559.10	521.85	-6.66	535.70	2.65
Tata Sponge	637.50	590.15	-7.43	602.60	2.11
Tata Coffee	134.75	126.30	-6.27	128.70	1.90
Tata Global	153.85	137.95	-10.33	140.50	1.85
Tata Inv.Corpn.	621.05	577.55	-7.00	586.90	1.62
Tata Steel	426.20	397.10	-6.83	403.30	1.56
Tata Chemicals	577.55	538.60	-6.74	546.50	1.47
Titan Company	377.20	369.05	-2.16	373.80	1.29
Tinplate Co.	89.65	81.95	-8.59	83.00	1.28
Voltas	393.45	381.55	-3.02	386.00	1.17
Tata Power Co.	83.60	79.55	-4.84	80.40	1.07
Rallis India	236.15	220.95	-6.44	223.00	0.93
Trent	203.40	198.40	-2.46	200.05	0.83
Indian Hotels	129.75	115.00	-11.37	115.30	0.26
TCS	2427.85	2413.25	-0.60	2400.00	-0.55
Sensex	28179.08	27915.9	-0.93	27865.00	-0.18
LTP :  Last traded price on BSE in Rs at 09:48 am