Tata leadership change unlikely to dent fundamentals, Jefferies says
BUZZ-Tata leadership change unlikely to dent fundamentals, Jefferies says ** Jefferies says Tata Sons Chairman N. Chandrasekaran's planned exit in February 2027 may raise near-term concerns, but business fundamentals across group companies should remain intact
** Brokerage names Indian Hotels IHTL.NS, Tata Consumer TACN.NS, Tata Steel TISC.NS and Voltas VOLT.NS as top Tata picks, citing domestic travel, consumer growth, steel price recovery and air-conditioner demand tailwinds
** Jefferies rates Titan TITN.NS and Trent TREN.NS "hold," citing rich valuations and moderating growth, respectively
** Keeps "underperform" on TCS TCS.NS, Tata Motors PV TAMO.NS and Tata Power TTPW.NS, flagging AI-led pressure, JLR headwinds and execution risks
** Tata Group stocks fell as much as 5.2%, led by TCS, on Wednesday after Chandrasekaran's resignation
(Reporting by Kashish Tandon in Bengaluru)
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