Tata vs Mistry: SUPREME impact on Tata companies share prices! Experts dub them as 'stocks to buy today'
Tata vs Mistry: In a big win for Tata Sons, the Supreme Court of India today, backed the removal of Cyrus Mistry as the chairman of the over $100 billion salt-to-software Tata Group in 2016 and set aside the National Company Law Appellate Tribunal (NCLAT) order that had order he be reinstated.
Tata vs Mistry: In a big win for Tata Sons, the Supreme Court of India today, backed the removal of Cyrus Mistry as the chairman of the over $100 billion salt-to-software Tata Group in 2016 and set aside the National Company Law Appellate Tribunal (NCLAT) order that had order he be reinstated. As the Apex Court delivered its verdict, the Tata Companies share prices started skyrocketing. Large-cap TCS share price surged over 1.5 per cent to Rs 3,111.60, Tata Motors share price scaled 3.66 per cent to Rs 296, Tata Steel share price jumped around 5 per cent to Rs 759 while Rakesh Jhunjhunwala portfolio share Titan Company went northward to the tune of over 3 per cent.
After this massive jump by the Tata companies, stock market investors got confused as they were unable to decide which shares should they buy now. As per stock market experts, all Tata group shares are well placed and they all fall in the category of 'stocks to buy' but while choosing the best among these stocks, they zeroes in on Tata Motors, Tata Steel and TCS.
Speaking on which Tata companies shares to buy, Sumeet Bagadia, Executive Director at Choice Broking said, "Tata Companies shares are skyrocketing on the Supreme Court verdict favouring Tata Sons. If you ask my choice for the shares to buy among Tata Group of companies, then I would prefer Tata Motors and Tata Steel. One can buy both the stocks for 5-8 per cent rise in the next one month time horizon."
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On her choice among the Tata Companies, SEBI registered technical equity analyst Simi Bhaumik said, "My choice among the Tata Motors companies shares are Tata Motors, Tata Steel and TCS. One can buy Tata Motors share for the target of Rs 350 to 370 maintaining stop-loss at Rs 280. Tata Steel is also a good share to buy today for Rs 790 to Rs 820 targets but one must maintain the stop-loss at Rs 720. My third choice is TCS. One can buy TCS shares for the target of Rs 3,350 with stop-loss of Rs 3,000." She said that all targets are for the short-term time horizon.
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