Tata Group stocks may see small declines on Tuesday after the Tata Sons Board appointed Ratan Tata as the interim chairman of the group, replacing Cyrus Mistry, but analysts don't expect any serious correction.
Tata Group companies are run by "independent professional management" who will continue to do the best for their respective companies, Mehul Sukkawala, an analyst at S&P Global Ratings said in an interview to Bloomberg.
Tata Group companies may face "small declines" but the losses in share value will be limited as Ratan Tata will be the interim head of the group, Sun Global Investments' Chief Investment Officer Sanjiv Shah told Bloomberg.
The Tata Motors ADR which is listed on the New York Stock Exchange is up more than 2 percent as of 8:30 pm India time.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
