Tata Group Stocks: Shares of Tata Group companies traded mostly lower in Tuesday's session as investors turned cautious ahead of key Tata Trusts board meeting on May 8, scheduled this week.

Selling pressure was visible across several group companies, with sharp declines in select stocks, even as a few names managed to see gains amid the broader weakness.

Among the group's stocks, Tata Chemicals led the decline, falling as much as 3.42 per cent intraday, making it the biggest laggard among the group. This was followed by Tata Communications, which slipped up to 1.97 per cent, and Tata Motors Commercial Vehicles, down around 1.79 per cent. Other stocks such as Trent and Nelco also saw declines of up to 1.52 per cent and 1.13 per cent, respectively, adding to the overall weakness across the pack.

Selling pressure was also visible in other major names, with Tata Motors Passenger Vehicles declining up to 1.18 per cent, Tata Steel falling 1.06 per cent, and Tata Consumer Products down around 0.98 per cent. Tata Power and Tata Capital also traded lower, slipping close to 0.94 per cent and 0.97 per cent, respectively. Meanwhile, IT heavyweight Tata Consultancy Services (TCS) and Tata Elxsi saw relatively smaller declines of up to 0.79 per cent and 0.66 per cent, indicating a broad-based but moderate pullback across sectors.

However, a few stocks bucked the broader negative trend and traded in positive territory during the session. Tata Investment Corporation emerged as a standout gainer, rising as much as 3.14 per cent, while Tata Tele Services gained up to 1.96 per cent. Tejas Networks also advanced 1.42 per cent.

Tata Trust Board Meet

Tata Trusts is set to hold key board meetings on May 8 and 12, with the boards of Sir Ratan Tata Trust and Sir Dorabji Tata Trust scheduled to convene ahead of a crucial Tata Sons board meeting in June. The upcoming June meeting is expected to deliberate on a potential third term for Tata Sons Chairman N Chandrasekaran.

Sources told ET Now that losses at certain Tata Group firms and the issue of listing Tata Sons are likely to come up at the Tata Sons board meeting. Trusts could take up a proposal to appoint Neville Tata to the Sir Ratan Trust in the May meeting. Neville Tata and former Titan MD Bhaskar Bhat were appointed trustees at the Sir Dorabji Trust last November.

Discussions may also include an affidavit filed by former trustee Mehli Mistry, in which he questioned the eligibility of certain trustees of the Bai Hirabai Navsari Trust, contending that only those of Zoroastrian faith and permanent residents of Mumbai can serve as trustees.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)