Does Tata-Mistry ruling change outlook for Tata Group cos? What experts say

Tata group stocks reacted positively to the Supreme Court’s ruling in favour of Tata Sons on Friday, in its legal battle against the Mistry group.

Tata group companies closed with gains of up to 6.1 per cent on the BSE. Among individual stocks, Tata Steel (up 6.1 per cent), Indian Hotels (5.1 per cent), Tata Power (4.9 per cent) and Tata Steel BSL (4.8 per cent) were among the top gainers.

Tata Communications, Tata Coffee, Titan, Tata Motors DVR, Nelco, and Tinplate were up in the range of 3.6 per cent-4.1 per cent. In comparison, the S&P BSE Sensex was up 1.17 per cent to close at 49,008.5 points. Only a handful, such as Rallis India, Tata Teleservices Maharashtra, and Tayo Rolls, were down.