Tata Motors has passed the full GST benefit to the customers. (Image Source: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed
Some traders this morning have opened their portfolio with a shock, with several reporting a massive 40% drop in Tata Motors stock. However, investors must note that this is part of an ongoing demerger of the company, and there is no need to panic.
The 40% drop in Tata Motors shares on Tuesday reflects the price of the company's passenger vehicle business, which restarted trade at around Rs 390-400 levels, compared to Monday's closing price of Rs 660.
The Tata Motors consolidated stock, as we used to know it, ceases to exist and will continue in the form of Tata Motors Passenger Vehicle Limited.
Several trade, though, are still unawar