Among individual stocks, Tata Motors advanced 13 per cent to Rs 250 today in the intra-day trade, surging 26 per cent in the past two trading sessions
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In a late evening statement, the Mistry family said separation from the Tata group was necessary due to the potential impact the ongoing litigation could have on livelihoods and the economy.
A bench headed by Chief Justice S.A. Bobde said the group should not take any further action on the shares, they have already pledged for raising funds
Among the lot, Tata Consumer Products (TCPL) has gained 27.5 per cent in the past month, outperforming the Nifty FMCG index, which has risen 1.5 per cent during the period
Large share of essential products, healthy outlook and new management augur well; full control of Nourishco positive
Among the lot, the highest quantum of promoter buying was seen in Tata Group companies that includes Tata Chemicals, Tata Steel, Indian Hotels, Tata Motors, Tata Power and Tata Consumer
Cyrus Mistry was the sixth and youngest chairman of Tata Sons and took over after Ratan Tata retired in December 2012
The 172-page order said the action taken by Ratan Tata and others against the former Tata Sons chairman was oppressive and illegal
Tata Group stocks tumbled in the last trading hour today after the National Company Law Appellate Tribunal restored former Tata Sons chairman Cyrus Mistry as the chairman of the group
Five stocks, Oriental Hotels, Tata Investment Corporation, Tata Metaliks, Tata Sponge Iron and Tinplate Company of India, have hit their respective all-time highs on BSE in intra-day trade
In all, half the group stocks underperformed on the bourses in the past 12-months led by Tata Motors, Tata Tele (Maharashtra) and Indian Hotels