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Tata Group shares extend losses; Tata Motors falls 5% in two sessions

Investors have lost more than Rs 25,000 crore in Tata Group companies during past two trading days

SI Reporter  |  Mumbai 

Tata Group shares extend losses; Tata Motors falls 6% in two sessions

of companies extended Tuesday’s decline and ended lower by upto 5% post Cyrus Mistry’s exit as Tata Son’s chairman.

Tata Motors, DVR, Tata Steel, Tata Chemicals and Indian Hotels, Tata Metaliks, Voltas, Rallis India, Tata Elxsi, Tata Global Beverages and Tata Communications ended down between 3%-5% on the BSE, as compared to 0.91% decline in the S&P Sensex.



In the previous session, most of the stocks had closed down in the range of 1%-5% after board of on Monday replaced chairman and brought back as interim chairman for four months

Investors have lost more than Rs 25,000 crore in companies during past two trading days. The total market capitalization (m-cap) of top 20 listed companies, in terms of m-cap declined by Rs 26,426 crore to Rs 824,594 crore on Wednesday from Rs 851,020 crore on Monday.

"What could provide reassurance to the market is the fact that Mr. is back in saddle as the interim Chairman and also the tight deadline of 4 months given to the Selection Committee by the Board of Also, the Selection Committee comprises of venerable corporate leaders. After the initial wobble the stocks should stabilize in my view," says Ajay Bodke, CEO & Chief Portfolio Manager - PMS, Prabhudas Lilladher.

In a surprise move, said its board has removed Cyrus Pallonji Mistry as chairman of the conglomerate and named as interim chairman for four months. The announcement came after the end of Monday’s trading session. Ratan N Tata shall be the interim Chairman of until the new chairman is appointed, companies said in a regulatory filing.

  Price in Rs Returns in % Mcap loss*
Company 26/10/2016 1-day 2-days Rs crore
Tata Motor-DVR 345.95 -4.6 -4.8 -882
Tata Motors 529.50 -4.3 -5.3 -8546
Tata Steel 398.85 -4.0 -6.4 -2656
Tata Metaliks 385.85 -3.8 -8.6 -92
Indian Hotels 121.40 -3.4 -6.4 -826
Voltas 385.00 -3.2 -2.1 -280
Tata Elxsi 1272.90 -3.2 -4.5 -187
Tata Global Beverages 145.40 -3.1 -5.5 -533
Rallis 225.45 -3.0 -4.5 -208
Tata Chemicals 549.50 -2.8 -4.9 -715
Tata Communications 636.45 -2.7 -4.9 -929
Trent 199.85 -2.1 -1.7 -118
Tinplate 85.35 -2.1 -4.8 -45
Tata Power 80.65 -2.1 -3.5 -798
Tata Tele(Mah) 7.60 -1.3 1.3 20
Tata Sponge Iron 614.60 -0.6 -3.6 -35
Tata Coffee 130.65 -0.4 -3.0 -77
Tata Investment Corpn 610.70 -0.1 -1.7 -57
TCS 2396.95 -0.1 -1.3 -6089
Titan Company 374.80 0.6 -0.6 -213
         
* Market capitalisaiton loss in past two trading days

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Tata Group shares extend losses; Tata Motors falls 5% in two sessions

Investors have lost more than Rs 25,000 crore in Tata Group companies during past two trading days

Investors have lost more than Rs 25,000 crore in Tata Group companies during past two trading days of companies extended Tuesday’s decline and ended lower by upto 5% post Cyrus Mistry’s exit as Tata Son’s chairman.

Tata Motors, DVR, Tata Steel, Tata Chemicals and Indian Hotels, Tata Metaliks, Voltas, Rallis India, Tata Elxsi, Tata Global Beverages and Tata Communications ended down between 3%-5% on the BSE, as compared to 0.91% decline in the S&P Sensex.

In the previous session, most of the stocks had closed down in the range of 1%-5% after board of on Monday replaced chairman and brought back as interim chairman for four months

Investors have lost more than Rs 25,000 crore in companies during past two trading days. The total market capitalization (m-cap) of top 20 listed companies, in terms of m-cap declined by Rs 26,426 crore to Rs 824,594 crore on Wednesday from Rs 851,020 crore on Monday.

"What could provide reassurance to the market is the fact that Mr. is back in saddle as the interim Chairman and also the tight deadline of 4 months given to the Selection Committee by the Board of Also, the Selection Committee comprises of venerable corporate leaders. After the initial wobble the stocks should stabilize in my view," says Ajay Bodke, CEO & Chief Portfolio Manager - PMS, Prabhudas Lilladher.

In a surprise move, said its board has removed Cyrus Pallonji Mistry as chairman of the conglomerate and named as interim chairman for four months. The announcement came after the end of Monday’s trading session. Ratan N Tata shall be the interim Chairman of until the new chairman is appointed, companies said in a regulatory filing.

  Price in Rs Returns in % Mcap loss*
Company 26/10/2016 1-day 2-days Rs crore
Tata Motor-DVR 345.95 -4.6 -4.8 -882
Tata Motors 529.50 -4.3 -5.3 -8546
Tata Steel 398.85 -4.0 -6.4 -2656
Tata Metaliks 385.85 -3.8 -8.6 -92
Indian Hotels 121.40 -3.4 -6.4 -826
Voltas 385.00 -3.2 -2.1 -280
Tata Elxsi 1272.90 -3.2 -4.5 -187
Tata Global Beverages 145.40 -3.1 -5.5 -533
Rallis 225.45 -3.0 -4.5 -208
Tata Chemicals 549.50 -2.8 -4.9 -715
Tata Communications 636.45 -2.7 -4.9 -929
Trent 199.85 -2.1 -1.7 -118
Tinplate 85.35 -2.1 -4.8 -45
Tata Power 80.65 -2.1 -3.5 -798
Tata Tele(Mah) 7.60 -1.3 1.3 20
Tata Sponge Iron 614.60 -0.6 -3.6 -35
Tata Coffee 130.65 -0.4 -3.0 -77
Tata Investment Corpn 610.70 -0.1 -1.7 -57
TCS 2396.95 -0.1 -1.3 -6089
Titan Company 374.80 0.6 -0.6 -213
         
* Market capitalisaiton loss in past two trading days

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Business Standard
177 22

Tata Group shares extend losses; Tata Motors falls 5% in two sessions

Investors have lost more than Rs 25,000 crore in Tata Group companies during past two trading days

of companies extended Tuesday’s decline and ended lower by upto 5% post Cyrus Mistry’s exit as Tata Son’s chairman.

Tata Motors, DVR, Tata Steel, Tata Chemicals and Indian Hotels, Tata Metaliks, Voltas, Rallis India, Tata Elxsi, Tata Global Beverages and Tata Communications ended down between 3%-5% on the BSE, as compared to 0.91% decline in the S&P Sensex.

In the previous session, most of the stocks had closed down in the range of 1%-5% after board of on Monday replaced chairman and brought back as interim chairman for four months

Investors have lost more than Rs 25,000 crore in companies during past two trading days. The total market capitalization (m-cap) of top 20 listed companies, in terms of m-cap declined by Rs 26,426 crore to Rs 824,594 crore on Wednesday from Rs 851,020 crore on Monday.

"What could provide reassurance to the market is the fact that Mr. is back in saddle as the interim Chairman and also the tight deadline of 4 months given to the Selection Committee by the Board of Also, the Selection Committee comprises of venerable corporate leaders. After the initial wobble the stocks should stabilize in my view," says Ajay Bodke, CEO & Chief Portfolio Manager - PMS, Prabhudas Lilladher.

In a surprise move, said its board has removed Cyrus Pallonji Mistry as chairman of the conglomerate and named as interim chairman for four months. The announcement came after the end of Monday’s trading session. Ratan N Tata shall be the interim Chairman of until the new chairman is appointed, companies said in a regulatory filing.

  Price in Rs Returns in % Mcap loss*
Company 26/10/2016 1-day 2-days Rs crore
Tata Motor-DVR 345.95 -4.6 -4.8 -882
Tata Motors 529.50 -4.3 -5.3 -8546
Tata Steel 398.85 -4.0 -6.4 -2656
Tata Metaliks 385.85 -3.8 -8.6 -92
Indian Hotels 121.40 -3.4 -6.4 -826
Voltas 385.00 -3.2 -2.1 -280
Tata Elxsi 1272.90 -3.2 -4.5 -187
Tata Global Beverages 145.40 -3.1 -5.5 -533
Rallis 225.45 -3.0 -4.5 -208
Tata Chemicals 549.50 -2.8 -4.9 -715
Tata Communications 636.45 -2.7 -4.9 -929
Trent 199.85 -2.1 -1.7 -118
Tinplate 85.35 -2.1 -4.8 -45
Tata Power 80.65 -2.1 -3.5 -798
Tata Tele(Mah) 7.60 -1.3 1.3 20
Tata Sponge Iron 614.60 -0.6 -3.6 -35
Tata Coffee 130.65 -0.4 -3.0 -77
Tata Investment Corpn 610.70 -0.1 -1.7 -57
TCS 2396.95 -0.1 -1.3 -6089
Titan Company 374.80 0.6 -0.6 -213
         
* Market capitalisaiton loss in past two trading days

image
Business Standard
177 22