Tata Group stocks see sharp swings as boardroom battle intensifies, but analysts say avoid the noise
Tata Steel is in focus.
· ET Stocks, Economic Times Markets
Tata Group stocks are undergoing substantial fluctuations amid an unsettling boardroom conflict as Tata Trusts questions the reappointment of N Chandrasekaran as Chairman. Market analysts advise investors to hone in on the core fundamentals and disregard the temporary corporate commotion.
The analysis
Against that, the stock is -2.5% on the day at ₹171.30, and has returned -8.3% over three months. It sits 22% below its 52-week high. The metals & mining sector has moved -4.3% over the same period, so Tata Steel is running 4.0 points behind its peers.
For Tata Steel, the question is how much of this is already reflected in the price and how much re-rates the metals & mining peer set alongside it.
Market context
- The company directly in focus is TATASTEEL.
- Sector exposure: Metals & Mining, Auto.
In this story
Related coverage
Stocks to watch: Paytm, Tata Power, Ola Electric, Tata Steel, Varun Bev
Stock Market Crash LIVE: Sensex Tanks Over 1,200 Points, Nifty 50 Below 22,200; ITC, JSW Steel, IndiGo Among Top Losers
INR vs USD: Rupee near 97/dollar; how TCS, Sun Pharma, Tata Steel, SRF may gain from weaker currency? Experts explain
RBA, Black Box, Tata Steel: Jatin Gedia shares 3 stock ideas for today
Tata Steel Q2 Business Update: India Production Rises 10%, Deliveries Up 8% — Check Segment-wise Breakdown