Chandrasekaran won't seek third term: Tata stocks lose ₹45,000 crore

Tata Motors Passenger Vehicles declined 1.32% to ₹343.00, now down 47.56% over one year, the steepest one-year fall among the group's listed entities. Tata Motors Ltd, the demerged commercial vehicles entity listed in November 2025, rose 1.52% to ₹457.05, the only gainer among major group stocks.

Tata Consumer Products fell 1.49% to ₹1,061.90. Tata Steel shed 1.09% to ₹186.20, and Tata Communications declined 0.57% to ₹1,736.20. Tata Power was nearly flat, down 0.14% to ₹379.45. Indian Hotels closed unchanged at ₹724.00. Voltas and Tata Chemicals were marginal gainers.

Titan Company was the session's standout, slipping just 0.57% to ₹5,099, even as it touched a 52-week high of ₹5,168 the previous session. Titan's market capitalisation now stands at ₹4.52 lakh crore, with a five-year absolute return of 179.61% against the Nifty 50's 49.32%.

Ponmudi R, chief executive officer of Enrich Money, said the announcement "triggered broad-based selling across key Tata stocks, amplifying pressure on the broader market."

Mayank Jain, market analyst at Share.Market by PhonePe, said TCS was "trading within a prolonged secondary downtrend" with the 200-day simple moving average near ₹2,670–₹2,700 serving as primary resistance. He said Tata Elxsi requires a close above its 50-day SMA at ₹3,820 for any near-term relief.

Chandrasekaran took charge as Tata Sons chairman on February 21, 2017, when the group's combined listed market cap stood at around ₹8.46 lakh crore. Wednesday's close of ₹27.03 lakh crore represents a 3.19x expansion over nearly 10 years.