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Tata Steel shares tumble for fourth straight session; dip nearly 6%

Tata Steel was the worst hit among Sensex and Nifty stocks today

Press Trust of India  |  New Delhi 

Tata Steel
File Photo: Tata Steel

Shares of tumbled for a fourth straight session on Monday, falling nearly 6 per cent, following reports that the steel major has evinced interest to acquire debt-laden In these four trading sessions, its stock slipped 9 per cent, eroding Rs 38.3 billion from its market capitalisation.

The stock today dropped 5.82 per cent to end at Rs 648.25 on the During the day, it lost 7.16 per cent to Rs 639. On the NSE, shares of the company declined by 5.92 per cent to close at Rs 648.85.

was the worst hit among and stocks today. today said Tata Steel, JSW Living Pvt Ltd and a consortium of the company's own employees have submitted bids to take over its assets. In terms of equity volume, 12.96 lakh shares of the company were traded on the and over 10 million shares changed hands on the during the day.

First Published: Mon, February 19 2018. 21:18 IST