Stock Market - Tata Motors market capitalisation (market-cap) has fallen below that of Bajaj Auto and Eicher Motors after a 10% decline in the market price of the company amid concerns over auto tariff threat by the US.
At 01:33 pm; Tata Motors market-cap stood at Rs 799.65 billion, lower than Bajaj Auto (Rs 812.19 billion) and Eicher Motors (Rs 799.71 billion), the BSE data shows.
However, if one includes the Tata Motors DVR market cap of Rs 84 billion, the truck maker would still rank third, after Maruti Suzuki India (Rs 2.68 trillion) and Mahindra & Mahindra (Rs 1.13 trillion).
Tata Motors slipped 5% to Rs 276, falling 10% in past two trading sessions from Rs 308 on Friday. The stock trading at its lowest level since February 12, 2016, declined 36% thus far in the current calendar year 2018. On comparison, the S&P BSE Sensex was up 4% during the same period.
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