Tata Group shares trade weak; Tata Steel, Tata Chemicals down over 2%

Tata Comm, Indian Hotels, Tata Power, Tata Coffee, Tata Global, Tata Investment, Tata Elxsi and TCS down 1%-4%.

Shares of Tata Group companies were trading weak, falling by up to 4% in early morning trade on BSE after Tata Sons said its board of directors had removed Cyrus Pallonji Mistry as chairman of the conglomerate and named Ratan Tata, chairman of Tata Trusts as interim chairman for four months. Tata Sons is the holding company of the Tata Group. CLICK HERE TO READ FULL REPORT.

Tata Steel, Tata Chemicals, Tata Communications, Indian Hotels, Tata Power, Tata Coffee, Tata Global Beverages, Tata Investment Corporation, Tata Elxsi, Tata Consultancy Services (TCS), Tata Metaliks and Tata Sponge were down between 1% and 4% on BSE.  At 10:02 am, the S&P BSE Sensex was down 0.4% at 28,067. The combined market capitalization of 20 Tata Group stocks has declined by about Rs 11,000 crore.

Company	24/10/2016	LTP	% chg	M-cap loss (Rs cr)
TCS	2427.85	2400.00	-1.15	-5586
Tata Motors	559.10	556.45	-0.47	-1470
Tata Steel	426.20	416.10	-2.37	-961
Tata Comm	669.05	650.10	-2.83	-547
Tata Chemicals	577.55	556.05	-3.72	-514
Indian Hotels	129.75	124.30	-4.20	-470
Titan Company	377.20	373.00	-1.11	-373
Tata Power Co.	83.60	82.30	-1.56	-352
Tata Global	153.85	148.60	-3.41	-322
Tata Coffee	134.75	131.40	-2.49	-63
Tata Inv.Corpn.	621.05	610.00	-1.78	-61
Tata Elxsi	1333.05	1317.00	-1.20	-51
Tata Metaliks	422.30	407.90	-3.41	-37
Rallis India	236.15	234.60	-0.66	-30
Trent	203.40	202.80	-0.29	-20
Tata Sponge Iron	637.50	624.70	-2.01	-20
Tata Tele. Mah.	7.50	7.38	-1.60	-19
Tinplate Co.	89.65	88.95	-0.78	-7
Voltas	393.45	397.70	1.08	140
LTP : Last traded price on BSE in Rs