Shares Of Tata Motors, Which Underperformed Benchmark Indices In 2018

Shares of Tata Motors, which underperformed benchmark indices in 2018, witnessed a fresh round of selling recently after December quarter results.

It led to an erosion of more than Rs 8,600 crore in terms of market capitalisation.

Tata Motors hit a 10-year low in intraday trade a day after it reported a net loss of Rs 26,961 crore for the quarter ended December 2018 impacted by an exceptional item of asset impairment of Rs 27,838 crore.

Over 200 mutual fund schemes are invested in Tata Motors, which is part of Nifty and Sensex. Any drastic slide in market price could also impact those which have considerable exposure in the automaker.

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