Tata Group shares rally as Supreme Court rules in favour of Tata Sons

Shares of Tata Group companies, on Friday, rallied up to 6 per cent in intra-day trade on the BSE after the Supreme Court pronounced its verdict in favour of the Tata Group in the high-profile Tata vs Mistry fued. The judgment on the five-year long protracted legal battle sets a precedent on various important matters in the courtroom battles.

Among individual stocks, Tata Steel rallied 6 per cent, each, on the BSE. Tata Steel Bsl, Indian Hotels, Tata Motors, Tata Power, Titan Company, Tata Coffee, Tata Investment Corporation and Tata Communications ended higher in the range of 3 per cent to 5 per cent. In comparison, the S&P BSE Sensex closed 1.2 per cent higher at 49,008.50 points today.