As the board meeting of Tata Sons is underway, the related stocks of the conglomerate gains upto 7% on the expectations of some positive outcomes with hopes of discussions on the diversified group’s loss-making companies are likely to come up.
In the early trade, Tejas Networks, Tata Investment Corporation Ltd rose up to 7%.
At 10:55 am, Tejas Networks were trading 4.6% higher after rising 7% intraday. Tata Investment Corporation Ltd were trading 3% higher.
In the March quarter, Tejas Networks posted a consolidated net loss of Rs 211.34 crore. The company had reported a net loss of Rs 71.80 crore in the same period of the previous fiscal year.
As per the reports, Chairman N Chandrasekaran and other company leaders are likely to present business plans for five companies. These included Air India, Tata Digital, EV infrastructure company Agratas, Tejas Networks and others.
Another key thing to watch at the meeting is the announcements on potential listing of Tata Sons.
In the Financial Year 2025, Tata group’s unlisted businesses posted a loss of Rs 10,905 crore, which is likely to go up to Rs 29,000 crore.
During the weekend, Chandrasekaran and Tata Trusts chairman Noel Tata have met to discuss the matter on the performance of the companies. Chandrasekaran’s tenure as Tata Sons chairman runs till February 2027.
Noel Tata, the half-brother of late industrialist Ratan Tata, serves as the Chairman of Tata Trusts since October 2024. Tata Trusts owns nearly 66% of Tata Sons and can nominate one-third of the company’s board members, giving it significant influence over major decisions.
Tata companies are in red in the recent past. Air India is undergoing a fleet and integration exercise, while Tata Electronics is rapidly expanding semiconductor and electronics manufacturing ambitions.
Agratas is also emerging as the group’s battery manufacturing play amid the global energy transition push.
Tata Group Stocks Gain Up to 7% Ahead of Tata Sons Board Meeting Outcome
