Rs 44,000 crore wiped out in Tata group stocks; TCS accounts for 81% of fall
.webp)
Listed Tata Group companies have lost nearly Rs 44,000 crore in market capitalisation (market-cap) over the past two trading days following N Chandrasekaran’s decision on Wednesday not to seek reappointment as chairman of Tata Sons.
In the past two trading days, the combined market-cap of 26 Tata Group companies slipped by Rs 43,812 crore to Rs 27.04 trillion as of Thursday till 09:23 AM. According to Capitaline Plus data, the total market cap of Tata Group companies stood at Rs 27.48 crore on Tuesday, August 11, 2026.
Tata Consultancy Services (TCS), the top market-cap loser in these two trading days, accounted for 81 per cent, or Rs 35,421 crore of the total market-cap erosion in the Tata Group companies, data shows.
Titan Company, the second value destroyer, saw Rs 7,040 crore market-cap erosion, followed by Tata Steel (Rs 3,371 crore), Tata Consumer Products (Rs 2,266 crore), Trent (Rs 1,717 crore) and Tata Motors Passenger Vehicles (Rs 2,266 crore).
A sentiment knock across the pack was the realistic expectation, said Anirudh Garg, Fund Manager and Partner, INVasset PMS, with the magnitude inversely proportional to succession clarity.
"The 2016 leadership upheaval saw Tata stocks wobble and then recover as operating performance reasserted itself, and Mr. Chandrasekaran's own 2017 appointment was greeted with gains because it ended uncertainty. The durable risk is not any individual's exit; it is prolonged friction between the Trusts and Sons, because a holding company at war with its principal shareholder eventually taxes capital allocation across the group," Garg said.
At the bourses, meanwhile, shares of Tata Motors Commercial Vehicles (CV) bucked the trend by adding Rs 10,533 crore in total market-cap of Tata Group companies. On Thursday, the stock rallied 5 per cent after the company reported healthy earnings for the quarter ended June 2026 (Q1-FY27). The management remains constructive on near-term demand and expects the September 2026 quarter (Q2) to deliver double-digit year-on-year volume growth, with July described as particularly robust despite the monsoon.
"Considering the Q1-FY27’s margin outperformance and pricing action in Q2-FY27, we are revising FY27E EBITDA by 30bps to 12.3 per cent. We maintain BUY with a target price of Rs 535 (earlier Rs 475), based on SoTP valuation assigning 14x EV/EBITDA (13x earlier) for standalone operations, including Tata Cummins’ joint operations," wrote Nitin Agrawal and Sahil Malik of JM Financial in a post-results note.
Stock strategy
On Thursday, Tata Group stocks traded mixed in intraday deals. Among the lot, Tata Motors CV, Tata Teleservices Maharashtra, Tata Technologies, Nelco, Tata Motors PV and Tata Power Company were trading higher in the range of 1 per cent to 5 per cent.
If the Tata Sons AGM scheduled for August 18 produces a clean resolution—either reappointment or an orderly handover—Garg expects the stocks to recover lost ground.
"If it produces a standoff, the governance premium that Tata companies have earned over decades becomes the variable at risk, and that, not one chairman's tenure, is what long-term investors should actually monitor," he added.
Other Latest News
.webp)
The Reserve Bank of India (RBI) has proposed that external benchmark-linked loans be made optional for non-banking finance companies (NBFCs), while emphasising that usurious rates are not charged for small-ticket loans in the draft norms on interest rates on loans and advances.
The draft, which offers a harmonised framework for determining interest rates on loans across regulated entities, said floating-rate retail loans and floating-rate loans to micro.
.webp)
The Department of Financial Services is weighing two options to ease the financial costs involving Unified Payments Interface (UPI): Restoring the merchant discount rate (MDR) for certain high-value transactions or merchants, or introducing a tiered incentive structure to phase out government support over the next few years, the Finance Ministry told the Parliamentary Standing Committee on Finance.
.webp)
NB Holdings Corporation, a wholly owned subsidiary of Bank of America Corporation (BoFA), will acquire a 49.9 per cent stake in Jio Credit, the lending arm of Mukesh Ambani’s Jio Financial Services (JFS), for ₹18,268.22 crore, or $1.9 billion, through a preferential allotment of equity shares and warrants, Jio Financial Services said in a filing with the stock exchanges. JFS and BofA signed a definitive agreement on Wednesday.
.webp)
Tata group stocks traded in a narrow range on Thursday, August 13, with the majority eking out minute gains and only a handful trading with cuts, recovering from a knee-jerk reaction seen a day earlier following the announcement of Tata Sons chairman N Chandrasekaran's resignation.
Investors also assessed the impact of Chandra's exit on the Tata group stocks ahead of the end of his term in February next year.
.webp)
The Supreme Court on Tuesday asked the 19 remaining states and Union territories to declare cancer a "notifiable disease" to ensure early detection and proper care of patients.
The top court's direction came after it was informed that 17 of the 36 states and UTs have so far notified cancer as a "notified disease" in light of the recommendations made in a parliamentary standing committee report.
.webp)
.webp)
.webp)
.webp)
.webp)
