The stock market has registered a huge decline today i.e. on Friday. Meanwhile, the shares of auto sector giant Tata Motors have registered a decline for the 9th consecutive trading day today and touched a new 52-week low. This stock has suffered a loss of more than Rs 2 lakh crore so far. Today this stock closed at Rs 620.70 with a decline of 4.29% on BSE.
Declining for the 9th consecutive day, it created a new 52 week lowToday the stock closed at Rs 620.70 on the BSE, with which it made its new 52-week low of Rs 618.45. Let us tell you that this stock has registered a huge decline for the 9th consecutive trading day today. Tata Motors' stock has fallen more than 46 percent from its all-time high level of 1,179, hence its market capital has declined by more than Rs 2 lakh crore.
Why are the shares falling?This decline in Tata Motors shares is coming amid weak demand outlook for Jaguar Land Rover (JLR) in global markets like China and the United Kingdom and weak prospects in the passenger vehicle segment in India. Apart from this, US import tariffs on European made vehicles are also affecting Jaguar Land Rover's sales in the US. 25 percent of JLR's share covers the retail category in the US.
The stock has been facing pressure for more than 6 monthsDuring the last one month, Tata Motors shares have fallen by more than 11 percent, while in a period of 6 months, investors have suffered a huge loss of more than 42 percent. Apart from this, its shares have declined by more than 34 percent in a year. At the same time, in the long term of five years, investors have also got a multibagger return of 390 percent. At present, the market capital of Tata Motors has become Rs 2.32 lakh crore.