Tata group shares down as much as 5% as Tata Sons Chairman Chandrasekaran resigns
Tata Sons Chairman N Chandrasekaran announced he will not seek another term, causing Tata group shares to fall as much as 5%. This decline wiped out over ₹40,000 crore in investor wealth, with Tata Steel and Tata Motors seeing drops of 1-3%. Analysts predict limited downside for most group stocks, except TCS, which may face ongoing pressure.