The TCS stock on Tuesday hit a new 52-week low, continuing its downward trajectory from Friday.The stock hit a new 52-week low of 2054 on the BSE today. The stock was trading 0.33 per cent higher at Rs 2112 on the BSE.
On Friday, the stock hit a 52-week low of Rs 2091 level amid Tata Group and Cyrus Mistry trading allegations against each other in public.Tata Sons has asked Tata Motors to called an extraordinary shareholder meeting to remove Cyrus Mistry as chairman.
Tata Sons has also sought removal of independent director Nusli Wadia's removal. According to reports, Tata Sons has alleged that Wadia was working in tandem with Mistry.
Wadia, who is chairman of Bombay Dyeing and Britannia Industries, has been an independent director on the boards of three Tata entities - Tata Motors, Tata Steel and Tata Chemicals.
Wadia, who is chairman of Bombay Dyeing and Britannia Industries, has been an independent director on the boards of three Tata entities - Tata Motors, Tata Steel and Tata Chemicals.
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