Tata Group stocks see sharp swings as boardroom battle intensifies, but analysts say avoid the noise

The sharp upswings and downswings in Tata Group stocks are keeping investors on edge as the corporate battle between Tata Trusts and Tata Sons over the latter’s reappointment of N Chandrasekaran as Chairman intensifies, but analysts remain positive on the fundamentals amid the noise.

Tata Group stocks saw sharp upturns and downturns since last week after Tata Sons approved a fresh five-year extension for Chairman N Chandrasekaran’s tenure and set the ball rolling for the much-awaited IPO of the group holding company, followed by Tata Trusts labelling Chandrasekaran's appointment illegal.