A looming leadership change at Tata Sons is no reason to abandon the group, according to Jefferies, which is backing four shares even as it sees a 23% downside in Tata Consultancy Services (TCS) and a 12% downside in Tata Motors Passenger Vehicles.
N. Chandrasekaran, the chairman of Tata Sons, has announced that he will not seek another term after his tenure ends in February 2027, potentially raising near-term concerns over the group’s leadership. Jefferies expects company-level performance to remain the more decisive driver for investors.
