Initially most of the companies were under pressure
On 21 February, when Chandrasekaran became chairman of the Tata group, most of the Tata group companies were under financial pressure. Since then, the shares of group companies have gone up by 61%. Not only this, bounce back is also visible in the red-marked stocks. Talking about the index since the arrival of Chandra, the Nifty has gained 10.7 per cent and the Mid Cap index has risen 11.4 per cent.
The company has given 61% returnsAfter becoming Chandra’s group chairman, Tata Metaliks 61%, Tin Plate 48%, Voltas 39%, Tata Investment 32%, Tata Sponge 31%, Tata Global 23%, Titan 22%, Tata Steel 16 per cent, Tata Tele 16 per cent, Tata Alexi 14 per cent, Tata Coffee 12 per cent, Tata Chemicals 10 per cent.
Some stocks are down but low
Even after Chandra took command, some of the group’s shares have seen a decline, but are quite low. For example, Tata Motors DVR has seen a weakness of 2 per cent, Tata Power 3 per cent, TCS 4 per cent and Tata Communications 11 per cent, while Tata Motors’ performance has been flat.