TATA GROUP COMPANIES STOCKS FACE SELLING PRESSURE

Tata Group companies lost up to ₹40,000 crore in combined market value on Friday as investors reacted to heightened uncertainty after Tata Trusts, the majority shareholder of Tata Sons, said it had not agreed to a listing of the conglomerate’s parent company. The selloff reflected investor concerns over leadership uncertainty and the potential impact that a Tata Sons listing could have on the group’s existing structure. Friday’s decline also reversed part of the gains recorded by Tata Group stocks on Thursday following the announcement of N. Chandrasekaran’s reappointment. Governance-related concerns continued to weigh on sentiment toward Tata Group stocks, although individual companies remain influenced by their respective sector-specific fundamentals. Tata Consultancy Services (TCS) continued to show prolonged weakness on the daily chart, maintaining a clear pattern of lower highs and lower lows as selling pressure persisted. The stock remained below its key moving averages—the 20-day SMA at 2,269.0, the 50-day SMA at 2,298.3 and the 200-day SMA at 2,568.1—indicating that the short- to medium-term downtrend remains firmly in place. Tata Chemicals also faced sustained selling pressure following a strong rejection at higher levels. The stock continued to form lower highs and lower lows and failed to maintain its recent upward momentum after encountering resistance near its 200-day SMA at 710.75. Commenting on Tata Motors Passenger Vehicles (TMPV), Jain said the stock continued to trade under heavy selling pressure on the daily chart, extending its long-term downtrend following a sharp decline from its previous highs.