Tata Sons boardroom battle intensifies but Tata Group stocks remain unbothered. Should you buy?
Tata Sons has rejected Noel Tata’s objections to N Chandrasekaran’s reappointment, saying the board’s decision was valid and made in accordance with the company’s Articles of Association.
Tata Sons' boardroom battle has intensified, but Tata Group stocks have remained largely unaffected. Despite Noel Tata's objections to the reappointment of N Chandrasekaran as Tata Sons' chairman, the company's board approved the decision. Tata Sons maintains that the reappointment was valid and in accordance with applicable law and its Articles of Association.
The company had also approved a five-year extension for Chandrasekaran's tenure, paving the way for the group's anticipated IPO. Tata Trusts, which controls 66% of Tata Sons, had earlier sought to keep the holding company privately owned. Analysts suggest focusing on earnings growth, business fundamentals, and valuations rather than short-term corporate volatility.
Tata Steel is recommended as a fundamental strong stock by Axis Direct, while SBI Securities suggests Tata Motors' Commercial Vehicle business and Tata Consumer for their potential growth.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
- Fujairah fuel oil stocks surge 19% so far in September hellenicshippingnews.com
- Stocks to watch today, September 25: Tata Group, Lemon Tree Hotels, PB Fintech, JSW Cement and more thehindubusinessline.com
