The Tata Group has been in focus. India’s largest conglomerate by market value has been among the most searched business names on Google this month after its chairman announced he would step down and the group’s listed firms lost a combined $4.5 billion in a single session.
Here is all you need to know about why Tata has been trending, and what brokerages are saying about the group’s individual companies.
N Chandrasekaran to step down as Tata Sons chairman in 2027
N. Chandrasekaran, who has led Tata Sons since 2017, said on August 12 that he will not seek reappointment when his current term as director ends in February 2027. He joined the Tata Group in 1987 and has been one of the most visible faces of the conglomerate for nearly a decade.
The succession question is not entirely new either. A proposal to extend Chandrasekaran’s tenure by five years had already been recommended by Sir Dorabji Tata Trust and Sir Ratan Tata Trust, and was recorded by the Tata Sons Nomination and Remuneration Committee and the board. The resolution was tabled before the Tata Sons board on February 24 this year but did not go through, as one board member did not support it. In the absence of unanimous backing, Chandrasekaran chose to defer the decision at the time.
Tata Group stocks lose Rs 4.33 lakh crore in market value
Shares of Tata Group companies lost about Rs 4,33,000 crore in combined market value on the day of the announcement, as per Bloomberg. Tata Consultancy Services’ share price has been under pressure in August so far. Tata Motors Passenger Vehicles’ share price has fallen 4.2% in the past month. However, Tata Steel’s share price has been up 0.98% in the past month, while Tata Elxsi’s share price has been up 3.57% in the past month.
Tata Technologies’ share price has been up 11.69% in the past month, while Tata Communications’ share price has been down 2.73% in the past month. Titan Company’s share price has been up 6.89% in the past month. Trent’s share price has been down 1.42% in the past month.
Tata Sons AGM faces hurdle over shareholder nomination
The succession question has now spilled into governance matters. Tata Sons’ annual general meeting, originally scheduled for August 18, was expected to be adjourned after Sir Ratan Tata Trust, a key shareholder in the holding company, was unable to nominate a representative because of a restriction placed by Maharashtra’s Charity Commissioner.
The AGM was meant to take up Chandrasekaran’s re-nomination as a director, along with the company’s financial statements for the year ended March 2026 and a dividend declaration.
Tata Motors stock: What Nomura and Motilal Oswal say
Away from the boardroom, Tata Motors Commercial Vehicles posted a stronger-than-expected June quarter, and brokerages have responded differently to the results.
Nomura upgraded the stock to Buy from Neutral after standalone EBITDA margins came in at 11.6% for the quarter, ahead of both its own and Street estimates.
While Motilal Oswal acknowledged that the June quarter came in ahead of estimates, driven by better margins and higher other income, it kept a Neutral rating with a target price of Rs 434, about 5% below the current market price.
Tata Consumer Products gets bullish brokerage outlook
Tata Consumer Products has also caught brokerage attention this month, though for different reasons. Motilal Oswal reiterated its Buy rating on the stock with a target price of Rs 1,500, implying an upside of about 43%.
The brokerage noted that product launches rose from 41 in FY25 to 80 in FY26, with more than half of the new launches aimed at health and wellness categories. It also pointed to growth in alternate sales channels, which now make up 41% of the India business, up from 19% four years ago.