2 Tata Group Stocks Fall Sharply By Up To 6% As Sensex Tanks Over 800 Points

Two leading Tata Group stocks namely Tata Motors Ltd and Tata Steel Ltd witness sharp decline in trade today as BSE Sensex tanked 846 points at 57,227 and Nfty50 fell 290 points at 17036 till 11: 40 am. It is worth mentioning that barring the IT Sector all the sectoral indices are seen trading in the red in share market on Monday.

Meanwhile, Indian Rupee continues its decline to fall yet another record low of 81.5 against the US Dollar. The Indian currency started the day at 81.54 against the greenback and tumbled nearly 0.7%. Today the Indian Rupee declined nearly 56 paise at 81.55. Check key takeaways pertaining to Tata Group stocks below:

Tata Motors Falls by 5.72%

Shares of Tata Motors Ltd Fell on Monday by 5.72% at 398 apiece. The stock is currently trading at a discount of 25% from its 52-week high. The 52-week high of Tata Motors is quoted at Rs 536 apiece and 52-week low is quoted at Rs 316 apiece, respectively.

About Tata Motors and Market Capitalisation

Tata Motors Limited is a leading global automobile manufacturer with a portfolio that covers a wide range of cars, SUVs, buses, trucks, pickups and defence vehicles, according to its official website.

The company has a market capitalization of Rs 1,32,747.37 crore.

Earlier this year in July, Tata Motors Ltd declared a bigger first-quarter loss. The Jaguar Land Rover parent announced a consolidated net loss of Rs 5,007 crore for the quarter ended June 30, as compared with a loss of Rs 4,451 crore reported a year ago.

The company's consolidated revenue from operations surged 8% to Rs 71,935 crore as against Rs 66,406 crore in Q1FY22, according to a PTI report.

Tata Steel Ltd Falls By 3.88%

The shares of Tata Steel Ltd has declined by 3.88% till 12:14 pm at 100.20 apiece. The stock is currently trading at a discount of 30% from its 52-week high level. The stock's 52-week high is Rs 100 apiece and 52-week low is Rs 82 apiece.

About Tata Steel Ltd and Market Capitalisation

Tata Steel operates in the sector of metals-ferrous sector. Tata Steel's Indian product portfolio is divided into four segments - Automotive and Special Products; Industrial Products, Projects and Exports; Branded Products and Retail; and Services and Solutions. The Company supplies hot-rolled, cold-rolled, galvanised, branded solution offerings and more.

The company has a market capitalization of Rs 1,22,422.84 crore at the time of writing the story.