Tata Group stocks fell by up to 2% during Friday’s trading session (June 13) following the tragic crash of an Air India Ahmedabad-to-London flight that resulted in the death of 241 passengers. The incident, which marks the first fatal crash involving a Boeing 787 since it began commercial service, triggered a wave of selling across several Tata Group companies.
Shares of Tata Technologies and Trent dropped by 2% to 2.6%, while Tata Power, Tata Consumer, Tata Steel, and Tata Consultancy Services (TCS) also saw declines between 1% to 1.5%. Indian Hotels’ stock fell over 1.5% to ₹733.10. However, not all Tata stocks suffered losses—Tata Coffee gained over 4%, reaching ₹344.80, and Rallis India rose by 0.5% to ₹309.70 on the NSE.
Also See: Market Recap: Indian Markets Mirror Global Weakness; IT Sector a Lone Bright Spot
The sell-off had already started in Thursday’s session shortly after news of the crash broke. In response to the tragedy, India’s aviation regulator has launched an investigation, with help from a U.S. agency and Boeing. Tata Group is extending significant support to the affected families and community. Tata Sons Chairman N. Chandrasekaran announced ₹1 crore in financial assistance for each victim’s family, along with full coverage of medical expenses for the injured. The group will also help rebuild the BJ Medical Hostel, which was damaged in the crash. “No words can adequately express the grief we feel at this moment,” Chandrasekaran said in a heartfelt statement.
Meanwhile, Air India’s CEO, Campbell Wilson, confirmed that the airline is actively cooperating with authorities and emergency teams. Investors are advised to consult certified financial experts before making any stock-related decisions, as this article is intended purely for educational purposes.
