Tata Motors shares tank over 9 pc; mcap declines by Rs 29,946.88 cr

Shares of Tata Motors on Monday tanked more than 9 per cent after the company’s March quarter earnings failed to cheer investors.

The stock plunged 9.44 per cent to Rs 948 a share on the BSE.

On the NSE, it tanked 9.50 per cent to Rs 947.20 apiece.

The company’s market capitalisation (mcap) was wiped out by Rs 29,946.88 crore to Rs 3,17,998.73 crore.

It emerged as the biggest laggard among the BSE Sensex and NSE Nifty firms.

The 30-share BSE Sensex traded 624.43 points lower at 72,040.04. The NSE Nifty quoted 113.65 points down at 21,941.55.

Leave a Reply

Your email address will not be published. Required fields are marked *