Tata Group shares burst 14% higher on Thursday, driven by Tata Chemicals’ jump to ₹832 and Tata Motors’ rise to ₹319.8, as the Tata Sons board confirmed N Chandrasekaran’s five‑year reappointment—Reuters reports.
Tata Chemicals posted its highest price in 19 weeks, while Tata Motors Passenger Vehicles climbed 6% to ₹319.8, and Tata Investment Corporation peaked at ₹733.5 before settling near ₹725.
The resolution passed by a margin of 10 votes to 1, with Noel Tata opposing Chandrasekaran—an anomaly highlighted by the board’s unanimous backing of the appointment.
The RBI’s rejection of Tata Sons’ deregistration bid earlier this week had already nudged Tata‑linked stocks higher; the decision keeps the holding company closer to a potential market listing, a development that likely contributed to the rally.
Looking ahead, analysts note that a listing could dilute the conglomerate’s control but also unlock liquidity; meanwhile, Tata Consultancy Services’ brief 3% gain to ₹2,263.6 was quickly pared, reflecting cautious sentiment amid the broader market volatility.