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What Mistrys’ exit from Tata Sons could mean for TCS stock

What Mistrys’ exit from Tata Sons could mean for TCS stock
What Mistrys’ exit from Tata Sons could mean for TCS stock
Some analysts said any decline in the stock should be used as an opportunity to buy.

Synopsis

TCS is the best performing company in the Tata Group and has been an investors’ favourite. The stock has gained 48 per cent in the last six months against the Sensex’s gains of 45 per cent in the same period as software exporters have shown resilience in tough economic conditions compared to most other sectors.

Mumbai: Tata Consultancy Services’ shares bore the brunt of the uncertainty over the outcome of the conflict between Tata Group and its biggest minority shareholder Shapoorji Pallonji (SP) Group. With the Pallonji Mistry family offering to sell its stake in Tata Sons, a section of the market is concerned that the Tata Group might sell a portion of their stake in Tata Consultancy Services (TCS), India’s second-most valued company and the
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