There has been a tremendous decline in the shares of Tmpv.
There was an uproar in Tata Group’s passenger vehicle company on Monday when its shares fell by 7 percent. The special thing is that this is the biggest decline in Tata Group’s vehicle company after demerger. Due to which there was a loss of Rs 10,476 crore in the valuation of the company. According to experts, a decrease in EBIT margin has been estimated due to the cyber attack on the company’s luxury car company. Due to which there has been a big fall in the shares of the company. Let us also tell you what kind of story the company’s figures are telling in the stock market.
Big fall in company’s shares
Shares of Tata Motors Passenger Vehicle Company saw a decline of more than 7 percent on Monday. According to BSE data, the company’s shares have fallen by 7.26 percent to Rs 363.15. Which is 8.30 percent more than its 52 weeks lower level. This means that if a similar decline is seen in the company’s shares in the coming days, then the company’s shares will also break the record of 52 weeks’ lower level. According to experts, this is the biggest fall in TMPV shares after the demerger of Tata Motors.
Why did the decline occur?
Recently TMPV has released its quarterly results. In which information has been given that due to cyber attack on the company’s luxury car company Jaguar Land Rover, there has been a lot of impact on the performance. This is why the company has reduced the EBIT margin of its luxury arm. According to the information, Jaguar Land Rover’s EBIT margin estimate has been reduced from 5 to 7 percent to 0 to 2 percent.
Big fall in valuation
Due to the fall in the company’s shares, there has been a big blow on the valuation front as well. According to the data, the valuation of the company was Rs 1,44,200.10 crore on Friday, which came down to Rs 1,33,723.86 crore after one minute of trading session on Monday. This means that the company’s valuation suffered a loss of Rs 10,476.24 crore in a single minute.
What is the current status of shares?
If we talk about the current status of the company’s shares, the company’s shares are trading at Rs 373.50 on BSE with a decline of 4.62 per cent at 12 noon. However, the company’s shares started at Rs 386.45. Whereas on Friday the company’s shares closed at Rs 391.60. However, TMPV shares are falling for the 5th consecutive day. During this period, the company’s shares have seen a decline of 11.55 percent. On November 10, the company’s shares were seen at Rs 410.60.