Business News / Tata lost Rs 20,000 crore in 3 hours, these 5 shares fell heavily

Vikrant Shekhawat : Mar 11, 2024, 07:20 PM
Business News: First the news of split of Tata Motors and then IPO of Tata Sons brought a rise in the shares of many companies of Tata Group. Last week, the maximum rise of about 35 percent was seen in the shares of Tata Chemicals. But when the market opened on Monday, a huge fall was seen in the shares of many Tata Group companies. Shares of Tata Chemicals fell by 10 percent and hit the lower circuit. The main reason for this was the lack of any concrete information regarding the listing of Tata Sons and profit making in the market.

If we look at the shares of top 5 companies of Tata Group listed in the stock market, a huge fall was seen in the shares of Tata Steel, Tata Motors, Tata Chemicals, Tata Consumer and Tata Power. Tata Consultancy Services, the most valuable company of Tata Group, remained out of this scenario. Due to this decline, a loss of thousands of crores of rupees was seen in the total market capitalization of Tata Group companies.

5 major companies of Tata Group suffered losses

If we look at the loss in market capitalization of 5 major companies of Tata Group, the biggest decline has occurred in Tata Chemicals. This is the position of market capitalization (MCAP) of companies till 12 noon.

Tata Steel:

At the close of market on March 7, the mcap of Tata Steel was Rs 1,96,302.13 crore, which came to Rs 1,91,995.35 crore at 12 noon on March 11. In this way, there was a loss of Rs 4,306.78 crore in its MCAP.

Tata Motors:

Due to the news of the split of the company, the shares of Tata Group started rising. Its market cap was Rs 3,45,284.19 crore on March 7, which came down to Rs 3,40,433.90 crore on March 11, thus investors suffered a loss of Rs 4,850.29 crore.

Tata Chemicals:

Shares of this company touched the lower circuit in the shares of Tata Group. Its mcap was Rs 33,497.90 crore on March 7, which came down to Rs 29,989.91 crore on March 11. In this way investors lost Rs 3508 crore.

Tata Consumer:

The market capitalization of Tata Consumer Products Limited was Rs 1,20,152.46 crore on March 7, which came down to Rs 1,16,646.04 crore on March 11. In this way, its total mcap has decreased by Rs 3,506.42 crore.

Tata Power :

The mcap of Tata Power had closed at Rs 1,35,785.95 crore in the last trading day, which came down to Rs 1,31,632.01 crore by 12 noon after the market opened on March 11. In this way, a decline of Rs 4,153.94 crore has been seen.

What is the matter of Tata Sons' listing?

Due to the listing of Tata Sons, the shares of Tata Group sank in the market. What is that matter after all? Actually, Tata Sons is the holding company of Tata Group which is the primary investor in many companies of the group. The Reserve Bank of India has classified this company as an upper layer NBFC, due to which Tata Sons has to be listed in the stock market by September 2025. Tata Group is looking for its alternatives.

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