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Investors lose Rs 68,000 crore as Tata stocks slide on Chandrasekaran’s resignation
['Anil Kumar']
Odisha News, Odisha Latest news, Odisha Daily – OrissaPOST
The combined market capitalisation of the group’s 17 listed companies fell by Rs 68,119 crore to Rs 26.32 lakh crore from nearly Rs 27 lakh crore in the previous session.
The IT major’s market capitalisation declined by Rs 42,440 crore to Rs 8.40 lakh crore after its shares fell 4.79 per cent to Rs 2,323.30.
Tata Consumer Products shed Rs 3,098 crore, while Tata Power and Indian Hotels lost Rs 1,598 crore and Rs 1,566 crore, respectively.
Tata Communications lost Rs 812 crore in market value, Tata Elxsi declined by Rs 606 crore, Trent by Rs 907 crore, Tata Investment Corporation by Rs 508 crore and Tejas Networks by Rs 265 crore.
Tata Motors added Rs 1,786 crore to its market value, while Tata Capital gained Rs 700 crore.