Till Tata saga plays out Veliyath recommends wait & watch policy

It is difficult to assess the long-term impact on individual Tata companies right now, says Porinju Veliyath, Managing Director and Portfolio Manager, Equity Intelligence India. He says it is best to not take any call on Tata stocks.He says long-term investors should avoid any activity till the Cyrus Mistry ouster plays out.In the previous regime under Ratan Tata, he says minority shareholders did not make wealth. But under Mistry, there was a focus on maximising stakeholder wealth. He looks forward to what the new management has in store for minority shareholders.Watch video for more.