The stock of Tata Investment saw huge ups and downs.
You must have seen many utters in the stock market. Many times it must have happened that the market opened rapidly and after a few hours it turned into a major decline. Or after the big decline in the beginning, the stock market has increased significantly. This is rarely seen in shares. On Friday, the shares of Tata Investment Limited saw some such uterine, causing everyone’s head to baffle. In the first 45 minutes, the company’s shares saw a rise of 12 per cent and the company’s shares reached a height of 52 weeks.
After that, the decline in the company’s shares started for 145 minutes. Due to which the company’s shares saw a decline of more than 16 percent from record high. Due to which the company lost Rs 9800 crore. Let us also tell you how so much uproar is being seen in the shares of the company.
First I 12 percent rise
According to BSE data, the shares of this company of Tata Group were started quite good and the shares were opened at Rs 10,584. On seeing this, the company’s shares reached the high of 52 weeks and stood at the level of Rs 11,840. This means that the stock market had seen a rise of 12 percent in 45 minutes to open the stock market. It was estimated that the fireworks of the company’s shares will continue till the market is closed and the prices will reach the new level. But this could not happen and investors started recovery of profits.
More than 16 percent broken in 145
After that, the decline in the company’s shares started till around 145 and the company’s shares came to the level of Rs 9900. According to BSE data, the company’s shares saw a decline of 16.38 percent from the record high of 52 weeks i.e. Rs 1,940. Which can be seen as a major decline. If we talk about 1 to 55 minutes in the afternoon, then the company’s stock is seen by 3.86 percent to Rs 10,173.05. According to experts, the company’s share is facing profits.
Large decline in the company’s valuation
The special thing is that there has been a big decline in the company’s valuation. That too when the company’s shares reached 52 weeks of high. When the company’s shares were on high of 52 weeks, the company’s market cap reached Rs 59,904.83 crore. After that, when the company’s shares came on the lower of the day of Rs 9900, the value of the company fell to Rs 50,089.34 crore. In such a situation, the company lost Rs 9,815.49 crore in 145 minutes.