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Tata Motors Hits 52-Week Low; Credit Suisse Removes Shares From Asian Portfolio
Shares in Tata Motors sank to a new 52-week low after Credit Suisse removed the share from its Asian portfolio.
The stock hit a 52-week low of Rs 392.60 on the National Stock Exchange. The Tata Motors stock has been on a significant downside after hitting a 52-week high of Rs 600 earlier this year.
Recently, the stock crashed following a crash in the stock markets in China. The company's fortunes are more related to China, which is one of the largest markets for the company's Jaguar Landrover range. Domestically, things have not been too good for the company as its passenger and commercial vehicle segment continues to languish.
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