Three Tata Group stocks that should be on your radar today after key developments

Shares of TCS, Tata Power, and Tata Chemicals will be in focus on Monday, November 24, as the three Tata Group companies navigate a mix of legal developments, strategic agreements, and fresh investment approvals.

TCS

Tata Consultancy Services (TCS) is back in focus after the US Court of Appeals upheld roughly $194 million in damages in the long running trade-secrets case filed by DXC.

The dispute began in 2019 when CSC, now part of DXC, alleged that a former employee carried proprietary access to its insurance software into TCS, and that the IT major used this confidential information while developing a competing insurance platform.

While the damages have been upheld, the earlier injunction that restricted TCS from using any CSC related trade-secret material in its BaNCS or other insurance tools has been vacated.

The matter now returns to the lower court for reassessment, effectively lifting the operational restriction for the moment.

TCS said it is evaluating all legal options, including review and appeal, and intends to vigorously defend its position.

Tata Power

Tata Power also remains in focus after the company and Druk Green Power signed commercial agreements for the 1,125 MW Dorjilung hydropower project in Bhutan. Tata Power has committed an equity investment of ₹1,572 crore for the project.

Tata Chemicals

In another corporate development, Tata Chemicals’ board has cleared two expansion plans. The company approved a ₹135 crore investment to expand dense soda ash capacity at its Mithapur facility, and a ₹775 crore outlay to scale up silica manufacturing at its Cuddalore plant.