NCLT rules in favour of Tata Sons; Tata group stocks up

The National Company Law Tribunal on Monday, ruled in favour of Tata Sons against Cyrus Mistry's plea challenging his removal as Tata Sons' Chairman.

Following the news, at 12:13 hours on Monday Tata Motors was up 1.74 per cent to Rs. 275.55 per share on NSE whereas Tata Power Company was trading at Rs. 72.80, up 1.46 per cent on NSE. Tata Global Beverages and Tata Communications Ltd also gained 1.61 per cent and 0.81 per cent, respectively on NSE.

Tata Steel was trading at Rs. 560.60, up Rs. 1.29 per cent, while Tata Elxsi was up 1.24 per cent to Rs. 1,381.80 per share on NSE. Tata Chemicals was up by 1.53 per cent whereas Tata Investment Corp gained 2.17 per cent on NSE.

Tata Sponge Iron soared 3.73 per cent to Rs. 1039.05, while Tata Metaliks jumped 2.31 per cent to Rs. 710 per share on NSE. Tata Teleservices (Maharashtra) too added 3.37 per cent on NSE.

However, Tata Consultancy Services was the sole loser, owing to its Q1 result on Tuesday, trading at Rs. 1,885.40, down 1.44 per cent on NSE.