Tata Motors Stock Plummets 40% in a Day
Tata Motors, a leading Indian automaker and owner of Jaguar, saw its stock tumble over 40% in early trading on Tuesday, October 14.
The decline follows the company's demerger of its commercial vehicle (CV) division, resulting in a deduction of the market value of the business arm from the parent company.
- Tata Motors stock is trading at ₹395, approximately $4.45.
- The stock has fallen 47% year-to-date (YTD).
As a result of the demerger, the company is now split into two entities: Tata Motors Passenger Vehicles Limited (TMPV) and Tata Motors Commercial Vehicles Limited (TMLCV).
No comment from the company is available at this time.
Author's summary: Tata Motors stock crashes due to demerger.
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