TataSons and Cyrus Mistry are at loggerhead to control few companies of Tata Group post sacking of Cyrus Mistry from the position of Tata Sons Chairmanship position. Cyrus Mistry is claiming that he turned around Tata Motors and the company is contributing hugely in group profitability but that's not the fact.
We should not forget that it was Ratan Tata vision and conviction that he can turn around loss making Jaguar and Land Rovers which prompted it to buy both at much cheaper price. At the same time Tata Motors domestic operation is bleeding and losing market share for the last 3 year. Ratan Tata himself is a Brand within investor community and 26% & 10% equity held by FPI's & Insurer will seal the fate of Cyrus Mistry.
It is imminent that Cyrus Mistry will be ousted from the Board Chairperson of Tata Motors which will prompt freenzy buying by both Domestic and International Institutional Investors. Tata Motors share price got the severe beating post sacking of Cyrus Mistry as uncertainties looms in.
In my point of view, investors should build their position before 22nd Dec 2016 and reapin the upside movement from 23rd Dec 2016 post Cyrus Mistry ouster. Please don't play around with F&O segment.
Disclaimer : Please consult your Financial advisor before investing
0 comments:
Post a Comment