Equity investors shrug off NCLAT's adverse judgment in Tata-Mistry case

Most key Tata stocks have gained since Wednesday's order; weakness remains in smaller stocks

Equity investors have largely shrugged off the National Company Law Appellate Tribunal’s (NCLAT’s) adverse judgment in the Tata Sons-Cyrus Mistry case. Most of the leading Tata stocks have either gained in the past three days or have fallen marginally. There has been no major meltdown or correction in the stock prices of Tata companies, despite the judgment having the potential to create uncertainty in the top leadership. 

The NCLAT had on Wednesday restored Cyrus Mistry as Tata Sons chairman, setting aside the appointment of N Chandrasekaran to that position. The group is likely to appeal against the NCLAT order in the