Tata Group stocks gain after SC verdict

Tata Group stocks gained up to 6 per cent on Friday after the Supreme Court set aside the NCLAT order restoring Cyrus Mistry as executive chairman of the conglomerate.

Tata Steel was quoting 5.89 per cent higher, Tata Communications 5.23 per cent, Tata Motors 4.80 per cent and Tata Power Company 4.82 per cent on BSE.

Among others, Tata Consumer Products jumped 2.89 per cent, Tata Investment Corporation 2.70 per cent, Tata Chemicals 2.13 per cent, Tata Metaliks 1.37 per cent, Tata Steel Long Products 1.72 per cent and TCS 0.99 per cent.

In a major victory for the Tata Group, the Supreme Court on Friday set aside the NCLAT order restoring Cyrus Mistry as the executive chairman of the conglomerate.