 "Tata Motors")
Once the country's most-valued auto maker, Tata Motors now commands a market cap less than half to Maruti Suzuki’s. The company saw its market value erode by over Rs 10,000 crore on Thursday with its stock crashing more than eight per cent, a day after first quarter financial results were announced.
Tata Motors’ scrip hit a 52-week-low of Rs 376 on Thursday and closed at Rs 380.90, down 8.6 per cent at BSE. In effect, it has lost market value worth Rs 62,850 crore in the past 11 months.
The country’s biggest carmaker Maruti Suzuki, which overtook Tata Motors to
