Tata group stocks trade mixed after Chairman Emeritus Ratan Tata's death

Tata group stocks are in focus after the Group's Chairman Emeritus Ratan Tata passed away last night in a Mumbai hospital. The salt-to-software conglomerate's patriarch was 86 years old. Prime Minister Narendra Modi remembered the legendary industrialist as "a visionary business leader, a compassionate soul and an extraordinary human being". 

Last night, Tata Sons Chairman N Chandrasekaran took to microblogging site X (formerly Twitter) to announce the news of Ratan Tata's demise. "It is with a profound sense of loss that we bid farewell to Mr. Ratan Naval Tata, a truly uncommon leader whose immeasurable contributions have shaped not only the Tata Group but also the very fabric of our nation," Chandrasekaran wrote, describing Tata as "more than a chairperson".

The visionary and veteran industrialist and philanthropist Ratan Naval Tata had an intregral place who drove India to greater prosperity and development.

The group's business span across verticals including technology, automotive, consumer and retail, steel, financial services, aerospace and defence and tourism and travel among others.

Under his leadership, the company is running 16 listed companies including the likes of Tata Motors, Tata Consultancy, Tata Steel, Titan and Tata Chemicals among others, shows the company's website.

The group's Information technology and services major is scheduled to report its Q2 earnings after market hours today. TCS shares ahead of its results traded with mild gains at Rs 4,256.4 per share.

Likewise, other Tata group stocks traded mixed, with some counters like Tata Chemicals, Indian Hotels, Tata Elxsi and Nelco gaining between 2-4 per cent, while others Trent and Tata Motors traded weak.