Tata Motors Stock Plunges 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 followed the company's demerger of its commercial vehicle (CV) division, which resulted in the market value of the business arm being deducted from the parent company.
As a result, investor interest surged in searches for the Jaguar stock price, despite Jaguar not being separately listed.
- Tata Motors stock is trading at ₹395, approximately $4.45.
- The stock has fallen 47% year-to-date (YTD).
The demerger has split the company 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 40% after demerger.