Jefferies favours Indian Hotels, Tata Consumer, Tata Steel and Voltas, while remaining cautious on TCS, Tata Motors Passenger Vehicles and Tata Power
A sentiment knock across the pack was the realistic expectation, said Anirudh Garg, Fund Manager and Partner, INVasset PMS, with the magnitude inversely proportional to succession clarity.
After shedding almost up to 5 per cent a day earlier, most Tata group stocks gained. Titan and Tata Investment Corporation remained the top laggards.
Stocks could remain under pressure in near term owing to uncertainty around succession, believe analysts
Four stocks, namely Trent, Nelco, Tata Investment Corporation and Titan Company, have seen a whopping 1,707 per cent to 1,018 per cent rise in almost 9.5 years.
Virat Jagad, technical research analyst at Bonanza identifies key support and resistance levels in 5 prominent Tata group stocks amid Tata Sons chairman Chandrasekaran's resignation on Wednesday.
Most of the group stocks such as TCS, Titan, Tata Communications and Tata Motors PV traded with cuts of up to 4 per cent in intraday deals on Wednesday.
Most of the group stocks traded with cuts of up to 4 per cent following the report. Crown jewel Tata Consultancy Services (TCS) was the top loser with a 4.12 per cent decline.
Tata Chemicals share price: Hurt by lower realisations, reduced other income, and lower JV income, Tata Chemicals reported an 81 per cent decline in consolidated net profit to Rs 60 crore.
Bernstein said that while Zudio has dominated Trent's growth narrative over 5 years, Westside still accounts for about 40 per cent of the company's retail area and revenue.
TCS's share of Tata Group's market cap falls to a 21-year low as its stock declines sharply, even as non-TCS Tata companies hit record valuations
Indian corporate bond yields have eased after the Reserve Bank of India maintained key policy rates unchanged last week, providing some relief to the market
Brokerage firm Motilal Oswal Financial Services has maintained its 'Buy' rating on Trent with a revised target price of ₹4,350
Here's why technical analysts at Kotak Securities and Bonanza are bullish on Trent, Tata Steel, Titan and Voltas. Tata Sons board meet on Tuesday, February 24.
The Bengaluru-based design and engineering solutions firm posted revenue of $107 million in Q3, up 3.2% Q-o-Q in constant currency (CC) terms, ahead of estimates of 1.8 per cent Q-o-Q.
The automotive business unit, which contributes around 53 per cent of Tata Elxsi's revenue, is seeing signs of stabilisation.
In the past one month, the BSE 500 index has underperformed the market by falling nearly 1 per cent, as compared to 1.3 per cent rise in the BSE Sensex.
Tata Steel, Tata Chemicals, Tata Communications, Tata Investment and Nelco look favourably placed on the charts, and can potentially surge up to 26% from here.
On the bourses, Tata Elxsi share price dropped as much as 2.99 per cent to an intraday low of ₹5,406.45 per share
A majority of Tata group stocks including TCS, Tata Elxsi, Trent, Voltas and 6 others have declined over 22% so far this year. Here are 3 Tata group stocks that can gain up to 28% going ahead.