Cyrus reinstated: Tata Group stocks to remain under pressure, say analysts

The decision came at the fag-end of the trading session and saw most Tata group stocks react to the development

The National Company Law Appellate Tribunal’s (NCLAT’s) move to reinstate former Tata Sons chairman Cyrus Mistry will trigger a knee-jerk reaction in related stocks.  It will keep them under pressure in the short-to-medium term till there is clarity on the issue, say analysts.

The NCLAT also termed the appointment of N Chandrasekaran (Chandra as he is popularly known as), the current chairman of Tata Sons, as “illegal.” 

Chandra had been appointed chairman in February 2017. The appellate tribunal gave four weeks to implement its order on Wednesday.

The decision came at the fag-end of the trading session and saw most