Tata Group Stocks Lose ₹44,000 Crore Market Cap After N Chandrasekaran Exit Decision
· Free Press Journal
Listed Tata Group companies have seen nearly Rs 44,000 crore wiped off their combined market capitalisation over the past two trading sessions following N Chandrasekaran’s decision not to seek another term as Tata Sons chairman.
The combined market value of 26 Tata Group companies declined by Rs 43,812 crore to Rs 27.04 trillion as of 9:23 AM on Thursday, August 13, 2026, from Rs 27.48 trillion on Tuesday, according to a report by Business Standard citing Capitaline Plus data.
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Tata Consultancy Services (TCS) accounted for the largest share of the decline, contributing Rs 35,421 crore, or about 81% of the overall erosion. Titan Company followed with a Rs 7,040 crore decline, while Tata Steel, Tata Consumer Products, Trent and Tata Motors Passenger Vehicles also recorded significant losses.
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Tata Motors Commercial Vehicles was a notable exception, adding Rs 10,533 crore to the group’s overall market capitalisation. Its shares rose 5% after the company reported strong Q1-FY27 results. Management also expects double-digit year-on-year volume growth in the September quarter, citing particularly strong demand in July.
JM Financial raised its FY27E EBITDA margin estimate for the company to 12.3% and increased its target price to Rs 535 from Rs 475, while retaining a 'BUY' rating.
A prolonged standoff between Tata Trusts and Tata Sons could raise concerns over governance and capital allocation, he added.